Randomized Controlled Trials: Could you be any more scientific? The book I’m now writing, Unbeatable: The Brutally Honest Case for Free Markets, insists that the randomistas of the economics profession actually have a thinly-veiled political agenda. Namely: To get economists to humbly serve the demagogues that rule the world instead of bluntly challenging their unabated demagoguery.
Paranoid? I don’t think so. Show me a single published economics RCT that concludes, “Government should stop trying to fix this problem and just allow a free market.” No, no, no. They’ll always either find that (a) the treatment “worked” — so government should scale it up; or (b) the treatment “failed” — so government should keep running RCTs until they find a treatment that works. “Freedom” never counts as a “treatment.”
31 sats \ 1 reply \ @joda 12 Mar
What kinds of randomized controlled trials does econ do?
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Not many. There have been some, but usually the scale of the study is small so it's invalid to extrapolate the result to a larger scale intervention.
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The deck is stacked and that's one great example of it.
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