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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American Economic Association
2018
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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. |
first_indexed | 2024-09-23T16:08:25Z |
format | Article |
id | mit-1721.1/114020 |
institution | Massachusetts Institute of Technology |
last_indexed | 2024-09-23T16:08:25Z |
publishDate | 2018 |
publisher | American Economic Association |
record_format | dspace |
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 |
work_keys_str_mv | AT dufloesther theeconomistasplumber AT dufloesther economistasplumber |