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15min chapter
A Nobel laureate on the limits of evidence-based policy
Chicago Booth Review Podcast
Economists, Policymakers, and Evidence-Based Policy
The relationship between economists, policymakers, and evidence-based policy is discussed in this chapter. The importance of providing policymakers with frameworks for understanding evidence is highlighted, as well as the need for economists to focus on helping policymakers think about how to think. The speakers agree that a combination of empirical evidence and economic theory is crucial for effective policymaking.
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