Essentials


 Introduction

 

On Realism of Assumptions

  • How Should Economists Choose?, by Ronald Coase
    In this piece, Coase challenges many propositions by Friedman. He thinks realistic assumptions help economists to pin down the underlying mechansim that explains how economic system works in reality; and he also gives numerous examples that a few revolutionary economic theories in the past were never judged by their prediction power.

  • Realism and Comprehension in Economics — Exchanges between Oliver Williamson and Herbert Simon

 

On Econometrics and Empirical Studies

 

On Macroeconomics

 

On Behavioral Economics/Finance

 

On Field Experiments

 

On Economist as Engineer

  • The Economist as Engineer, by Al Roth, in which he advocates economics should de-emphasize being science, instead it should focus more on problem solving.

     

On Cliometrics (combining economic history with econometrics)

 

On Neuroeconomics

On Economics as Policy Science