Empirical work and evidence genuinely matter and can change minds (as the debt-relief data changed Henry's), but the profession's obsession with multivariate regression and instrumental variables to tease out causation has been an intellectual dead-end even while being productive for careers.

normativepending

Speaker

Russ Roberts

Evidence Quote

facts matter empirical work matters evidence is crucial it's just that the obsession... with multivariate regression and instrumental variables... has been an intellectual dead-end

Source

Peter Henry on Growth, Development, and Policy 07/27/2009EconTalk
Created: 6/17/2026, 10:31:29 AM

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