April 26, 2025

AndronETalksNews

AndronETalksNews

Nobel economics prize rewards work on minimum wage

BBC News

October 11, 2021

David Card, Joshua Angrist and Guido Imbens have been awarded this year’s Nobel prize for economics for work that “challenged conventional wisdom”.

The trio shared the prize for pioneering work in the use of “natural experiments”.

Natural experiments use real-life situations to work out the impact of government decisions.

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