The Nobel Prize economists turned statistics into insight

They may have changed the game by proving how possible it is. David Card, Joshua Angrist and Guido Imbens discerned crisp causal relationships from fuzzy data to win the coveted prize in economics. In this short reflection, the Undercover Economist reflects on why “the credibility revolution” is crucial for all of us and also “a stark illustration of the gap between political rhetoric and the best data detective work.”