David Evans, Dec 20, 2013
There are several areas of economics where we know much more today than we did 50 years ago as a result of the accumulation of empirical research. More needs to be done, and much remains debated, but economists have made real progress in behavioral economics, labor economics, and financial economics. And in recent years the use of controlled experiments is helping to revolutionize development economics. Even industrial organization has come along. Yet the economics of innovation has not advanced much.
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