Category: economics

Book Review: Veblen: The Making of an Economist Who Unmade Economics by Charles Camic

In Veblen: The Making of an Economist Who Unmade Economics, Charles Camic challenges the longstanding portayal of economic theorist Thorstein Veblen as a maverick outsider. Tracing the development of Veblen’s intellectual practices and affiliations, Camic instead finds an academic who was distinctly an insider, yet who turned his orthodox training against prevailing opinion. Offering an excellent account of … Continued

Charting the long-term impact of economic ideas – The rise and fall of growth narratives

The ways in which academics and researchers develop narratives to operationalize key concepts in their field can have significant impacts. Taking the example of economic research, Reda Cherif and Fuad Hasanov explore the formation and diffusion of economic growth narratives and discuss what this reveals about the role of ideas in shaping socio-economic change. Narratives … Continued

Book Review: Good Economics for Hard Times: Better Answers to Our Biggest Problems by Abhijit V. Banerjee and Esther Duflo

In Good Economics for Hard Times: Better Answers to Our Biggest Problems, Nobel-Prize winning economists Abhijit V. Banerjee and Esther Duflo carefully lay out evidence to provide a grounded approach to tackling today’s most pressing global problems. With a focus on alleviating inequality and poverty, Banerjee and Duflo’s book clears a path for more interdisciplinary work centred on improving citizens’ … Continued

After the crisis, economics needs to slow down

This is the twelth post in a six-week series: Rapid or Rushed? exploring rapid response publishing in covid times. Read the rest of the series here. As part of the series, there was a virtual roundtable featuring Professor Joshua Gans (Economics in the Age of COVID-19, MIT Press),  in conversation with Richard Horton (The COVID-19 Catastrophe, Polity … Continued

Book Review: Network Origins of the Global Economy: East vs. West in a Complex Systems Perspective by Hilton L. Root

In Network Origins of the Global Economy: East vs. West in a Complex Systems Perspective, Hilton L. Root argues for the need to consider economies and social orders as open, complex networks, focusing particularly on the transitions that have shaped Europe and China historically with implications for the present day. This original volume will not only serve as … Continued

Book Review: Narrative Economics: How Stories Go Viral and Drive Major Economic Events by Robert J. Shiller

In Narrative Economics: How Stories Go Viral and Drive Major Economic Events, Robert J. Shiller argues for the significance of narrative when it comes to understanding the drivers of economic events, arguing that contagious narratives not only play a causal role in their unfolding but also that such events transform our narratives. The book raises important issues, writes … Continued

If we’re serious about changing the world, we need to get our evidence right – A comment on the 2019 Nobel Prize in Economics.

The announcement of this year’s Nobel Prize in economics has highlighted divisions within the development economics community, particularly around the efficacy of using Randomised Controlled Trials (RCTs) as a tool for making social interventions. In this post Gorgi Krlev discusses the pros and cons of experimental approaches in economics and suggests that rather than seeing routes to delivering social change as […]

Teaching Integrity in Empirical Research: An Interview with Richard Ball and Norm Medeiros

This post is the latest in our NDSA Innovation Working Group’s ongoing Insights Interview series. Chelcie Rowell (Digital Initiatives Librarian, Wake Forest University) interviews Richard Ball (Associate Professor of Economics, Haverford College) and Norm Medeiros (Associate Librarian, Haverford Libraries) about Teaching Integrity in Empirical Research, or Project Tier. Chelcie: Can you briefly describe Teaching Integrity […]