Tagged: Nobel Prize


The Nobel in Economics Goes to Three Who Find Experiments in Real Life

October 11, 2021

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.