The Empiricists Strike Back

There's a perception that economics has shifted away from theoretical work and more towards empirical research. New volumes of available data and increased computational power seem to have ushered in a new era of empiricism. But evidence shows that this is a false dichotomy and there is much more to the story. In this episode, Beatrice Cherrier of the University of Caen in France talks about how the relationship between theory and empirics has changed, how to better understand recent changes in economics academia, and the effect on policy.