Becker Friedman Institute
for Research in Economics
The University of Chicago

Research. Insights. Impact. Advancing the Legacy of Chicago Economics.

Panel on the Role of Economic Theory

Panel on the Role of Economic Theory

 

Will economic theory give way to pure data? Will mathematical models clarify the wisdom data promises? Will the next great economic theory be simple and intuitive, engineered and tethered to empirical data, computationally detailed, or some combination of each? Considering the impact of robust statistics, vast datasets and increasing computational power on the role of economic theory, a panel of varying perspectives consider the future of the field.