Business Is Booming in Empirical Economics
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Aug. 7 (Bloomberg) -- Many had pronounced the field ofeconomics discredited after the global financial crisis.Instead, it’s in the midst of a revolution.
The transformation isn’t a mea culpa, or a knee-jerkreaction to the crisis. Rather, it’s a long-running shift towarda more empirical field, to the study of what hard data can tellus about the way the world really works.