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Michael's avatar

You missed the Judea Pearl monomaniacal critique, namely: economists spend a lot of time doing causal inference but by and large refuse to use DAGs and structural causal models to represent their assumptions and determine their identification strategies, even though this would make things much clearer with no downside.

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Nathan Barnard's avatar

It's interesting that I think Macro has some of the most obvious examples how it's improved the world. Like, comparing the response to 08/09 to the Great depression is pretty amazing. And the role of the world bank in China in 1983 was also pretty amazing and seems to me at least played a pretty signifigant part in China's liberalisation (you guys should read Vogel's biography of Deng, it's pretty epic.) I know much less about this case, but also feels pretty signfigant for India's liberalisation in the 1990s. If macro get's get a few percent of the credit for the declines of poverty in India and China that's pretty epic.

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