Why experiments are overvalued in economics

Created
Fri, 01/05/2026 - 19:58
Updated
Fri, 01/05/2026 - 19:58
Over the last couple of decades, mainstream economics has taken a remarkable ’empirical turn’. As economic methodologists and philosophers of science, we have to ask ourselves — is this a good thing? In many ways, yes, but there are severe downsides. The obsession with clean identification has narrowed the discipline’s focus. Researchers increasingly ask small, […]

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