Philosophy and Methodology
The economist’s task is not to demonstrate (empirically) that x is associated with y, but to provide a causal explanation of how x affects y.
The 2018 Nobel Prize in economics has gone to Yale's William Nordhaus for work in environmental economics and NYU's Paul Romer for work on economic growth. Both have long been considered front-runners for...
Calculation and KnowledgeEntrepreneurshipInterventionism