3min chapter

People I (Mostly) Admire cover image

50. Edward Miguel on Collecting Economic Data by Canoe and Correlating Conflict with Rainfall

People I (Mostly) Admire

CHAPTER

Is There a Disconnection Between Economists and Data Based Research?

The way economists write data based economic papers is almost salways. They sketch out a theoretical model that yields a series of predictions, and then they've a data section that tests those predictions. Almost every time, the theory has been written after the economist knows what the results are. The models been reverse engineerd to generate the predictions in the data.

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