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Title: The Economist as Plumber

Author(s): Esther Duflo

Publication Date: February 2017

Keyword(s):

Programme Area(s): Development Economics

Abstract: As economists increasingly help governments design new policies and regulations, they take on an added responsibility to engage with the details of policy making and, in doing so, to adopt the mindset of a plumber. Plumbers try to predict as well as possible what may work in the real world, mindful that tinkering and adjusting will be necessary since our models gives us very little theoretical guidance on what (and how) details will matter. This essay argues that economists should seriously engage with plumbing, in the interest of both society and our discipline.

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Bibliographic Reference

Duflo, E. 2017. 'The Economist as Plumber'. London, Centre for Economic Policy Research. https://cepr.org/active/publications/discussion_papers/dp.php?dpno=11881