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An Age Such As This

Posted in Contemporary economics

A fresh copy of The Age of the Applied Economist: The Transformation of Economics since the 1970s (Duke, 2017) arrived in the mail the other day.  Editors Roger Backhouse and Béatrice Cherrier note in their introduction that ten of the last twelve winners of the John Bates Clark Medal were described as “applied” or “empirical” or doing work of “practical relevance.” Make that eleven of thirteen.  Parag Pathak, of the Massachusetts Institute of Technology, a market designer known for his work on the assignment of students in public schools, was recognized earlier this month. The Clark Medal is awarded annually