The shocks of the pandemic economy gave us a bunch of enormous natural experiments, which helped to prove or disprove conventional economic thinking. Take, for example, the bullwhip effect, the idea ...

Three U.S.-based economists are sharing this year's Nobel memorial prize for their work on "natural experiments" which get around the need for controlled experiments. During the pandemic, we've heard ...

Economics often borrows ideas from the sciences, yet unlike physics or chemistry, no country has ever run a controlled, pure economic experiment on a national scale. A pure experiment requires ...