Tuesday, May 15, 2012

Nancy Cartwright: What can economists know?

The recent INET session in Berlin contained a staggering array of brilliant and innovative thinkers. All the videos from the event are available here. Many are very relevant for behavioural and microeconomics. I will post more of them as I get a chance to look at some more. Nancy Cartwright is a philosopher that anyone who works on causal microeconometrics should read. Below is her talk from the event considering the question of causal inference in Economics. Cartwright is regularly cited by people like Heckman and Deaton. She provides a strong philosophical background to understanding the strengths and limits of methodologies such as IV, use of natural experiments and Randomised Controlled Trials.

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