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I think economics is getting closer and closer to being a respectable science

Author

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  • Diamond, Douglas

    (University of Chicago)

Abstract

“I think economics is getting closer and closer to being a respectable science. Even when we were not the most respectable science, we still needed to keep pushing forward because the topic actually matters to the planet, to the humans on the planet, and to the animals on the planet.” Douglas Diamond is a strong advocate for economics as a scientific field. His passion for economics was sparked at a young age when he accidentally took an undergraduate course in the topic. In this conversation, conducted in February 2023, Diamond reflects on the working environment at University of Chicago – a work place that has become his home after working there 30 years – and how he sees more and more women enter the field of economics, something he thinks is a very positive development. He also tells us about the “No” bell that he received from Richard Thaler – a tool to helps him say no as a newly awarded laureate.

Suggested Citation

  • Diamond, Douglas, 2023. "I think economics is getting closer and closer to being a respectable science," Nobel Prize in Economics documents 2022-9, Nobel Prize Committee.
    • Handle: RePEc:ris:nobelp:2022_009
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    More about this item

    Keywords

    Banking; Financial crises;

    JEL classification:

    • E53 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - Deposit Insurance
    • G21 - Financial Economics - - Financial Institutions and Services - - - Banks; Other Depository Institutions; Micro Finance Institutions; Mortgages
    • G28 - Financial Economics - - Financial Institutions and Services - - - Government Policy and Regulation

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