The return of development economics?

The news of this year's Nobel laureate(s) in Economic Sciences was just an hour ago announced to be the economists Abhijit Banerjee, Esther Duflo and Michael Kremer for their work to alleviate global poverty, the official announcement said. Hopefully, this will bring development economics back on the radar of mainstream economics and make the field …

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China and inequality

In many developing countries with a deeply rooted legacy of socialism and egalitarianism, debates about choosing between the policy preferences of economic growth, equality and social justice remain as contentious as ever. Within economics, unanimity is really never meant to be achieved when studying the following questions: What is the optimal tax rate? What is …

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Empirical macroeconomics

On 2 May, it was announced that the economist, Emi Nakamura (Berkeley), had earned the John Bates Clark Medal, an annually-awarded prize which enjoys similar prestige among young American economists as the Yrjö Jahnsson Award does among young European economists. While myself being an enthusiastic follower of the "credibility revolution" within microeconomics - which can …

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