Nobel Notice

Earlier today, the Nobel Prize in Economics was awarded to David Card, Joshua Angrist, and Guido Imbens. This was an inspired decision! Card is one of several economists to systematically use natural experiments to better understand real world phenomena, including the impacts of minimum wage and immigration on employment. Angrist and Imbens’ methodological leaps have dramatically improved our ability to make causal inferences from results obtained from natural experiments. Magnificent!