Beatrice Cherrier's blog

Macrowars, economists' narratives, and my dreamed history of macro

Economists' macro stories Read more

In which MIT decided to teach micro first so as to make economics more relevant

I've already blogged on how undergraduate education evolved at MIT in the postwar era here and here, but since Mike Konczal and Paul Krugman make the case that, to bring introductory economics closer to the real world, macro should be taught before micro as Samuelson did in the first 13 editions of his Economi Read more

Economic theory declassified?

So, most Nobel Prize exegetes went a long way, this week, toward explaining that asset pricing is not primarily born out of theoretical reflection but out of prize-deserving empirical work.John Cochrane, for instance, writes about efficient markets that: Read more

The Political Economy of the Nobel Prize, 45th edition

This morning, when I woke up a few hours before the Nobel announcement, I felt seriously dissatisfied. I had meant to write a post on Thomson Reuters's prediction that Card, Angrist and Krueger may win the Nobel for their work on empirical microeconomics. I thought that such prediction would come true, sooner or later, because of the irresistible development of empirical economics in the past 50 years, one illustrated by the list of John Bates Clark medalists. Such expansion, fostered by the increasing availability of data and computing resources, could itself be recast as part of an even larger move toward making economics an applied science. Read more

The rise of economics as engineering II: the case of MIT

Looming behind the aforementioned narratives of postwar economics is a notion – economics as engineering – which at times appears as a metaphor and at times stands for a straight depiction of economists' professional milieu and practices. Also, it is used to characterize both highly theoretical undertakings element and some everyday engagement with policy making. As exemplified by Mankiw's remark that, all but one top selling macro textbooks from the 1980s as well as the 2000s wee written by MIT economists, MIT is one relevant site for the investigation of the nature and significance of the “engineering” comparison. Read more

A chronology of economics at Carnegie (in progress)

To illustrate the previous post on the difficulties in putting together a chronology, here is tentative chronology of economics at Carnegie. It's still in process, and links, sources and entries will be updated as I read. Read more

On the difficulty of assembling a chronology and other F....moments in history of economics research

This year, I'm sharing an office with an econometrician on Mondays and with a geographer on Fridays (you don't want to go into the subtleties of the French educational system). We're discussing the content of our research and the strengths and weaknesses in our respective methodologies, and, of course, joking and complaining about the sociology of our communities. Read more