David Card has made a career of studying unintended experiments to examine economic questions — like whether raising the minimum wage causes people to lose jobs. Joshua D. Angrist and Guido W. Imbens have developed research tools that help economists use real-life situations to test big theories, like how additional education affects earnings. On Monday, their work earned them the 2021 Nobel Memorial Prize in Economic Sciences.
The Nobel in Economics Goes to Three Who Find Experiments in Real Life
October 11, 2021