Tuesday, February 10, 2009

Lessons from the Laureates

IZA DP No. 3956, William Breit, Barry Hirsch: http://ftp.iza.org/dp3956.pdf

Abridged Abstract:
This paper uses as source material twenty-three auto-biographical essays by Nobel economists... and published in Lives of the Laureates (MIT Press)... We... identify common themes in the essays, relying heavily on the words of the laureates. Common themes include the importance of real-world events coupled with a desire for rigor and relevance, the critical influence of teachers, the necessity of scholarly interaction, and the role of luck or happenstance. Most of the laureates view their research program not as one planned in advance but one that evolved via the marketplace for ideas.

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