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11min chapter
E89: Economics as a Science w/ Noah Smith
"Upstream" with Erik Torenberg
Shifts in Economics Nobel Prize Perception
This chapter examines the evolving views on the Nobel Prize in Economics, contrasting its less empirical selection process with the rigors of natural sciences. It highlights the shift toward data-driven methods in economics, critiques influential but unsupported theories, and discusses the implications of prominent economists' work on the field.
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