The Economist as Plumber

As economists increasingly help governments design new policies and regulations, they take on an added responsibility to engage with the details of policy making and, in doing so, to adopt the mindset of a plumber. Plumbers try to predict as well as possible what may work in the real world, mindful...

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主要作者: Duflo, Esther
其他作者: Massachusetts Institute of Technology. Department of Economics
格式: 文件
出版: American Economic Association 2018
在线阅读:http://hdl.handle.net/1721.1/114020
https://orcid.org/0000-0001-6105-617X
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author Duflo, Esther
author2 Massachusetts Institute of Technology. Department of Economics
author_facet Massachusetts Institute of Technology. Department of Economics
Duflo, Esther
author_sort Duflo, Esther
collection MIT
description As economists increasingly help governments design new policies and regulations, they take on an added responsibility to engage with the details of policy making and, in doing so, to adopt the mindset of a plumber. Plumbers try to predict as well as possible what may work in the real world, mindful that tinkering and adjusting will be necessary since our models gives us very little theoretical guidance on what (and how) details will matter. This essay argues that economists should seriously engage with plumbing, in the interest of both society and our discipline.
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spelling mit-1721.1/1140202022-10-02T06:37:56Z The Economist as Plumber Duflo, Esther Massachusetts Institute of Technology. Department of Economics Duflo, Esther As economists increasingly help governments design new policies and regulations, they take on an added responsibility to engage with the details of policy making and, in doing so, to adopt the mindset of a plumber. Plumbers try to predict as well as possible what may work in the real world, mindful that tinkering and adjusting will be necessary since our models gives us very little theoretical guidance on what (and how) details will matter. This essay argues that economists should seriously engage with plumbing, in the interest of both society and our discipline. 2018-03-02T22:52:20Z 2018-03-02T22:52:20Z 2017-05 2018-02-21T17:07:51Z Article http://purl.org/eprint/type/JournalArticle 0002-8282 http://hdl.handle.net/1721.1/114020 Duflo, Esther. “The Economist as Plumber.” American Economic Review 107, no. 5 (May 2017): 1–26. 2018 © American Economic Association https://orcid.org/0000-0001-6105-617X http://dx.doi.org/10.1257/AER.P20171153 American Economic Review Article is made available in accordance with the publisher's policy and may be subject to US copyright law. Please refer to the publisher's site for terms of use. application/pdf American Economic Association American Economic Association
spellingShingle Duflo, Esther
The Economist as Plumber
title The Economist as Plumber
title_full The Economist as Plumber
title_fullStr The Economist as Plumber
title_full_unstemmed The Economist as Plumber
title_short The Economist as Plumber
title_sort economist as plumber
url http://hdl.handle.net/1721.1/114020
https://orcid.org/0000-0001-6105-617X
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