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From the same journal

Impoverished economics? A critical assessment of the new gold standard

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Impoverished economics? A critical assessment of the new gold standard. / Kvangraven, Ingrid Harvold.

In: World Development, Vol. 127, 104813, 03.2020.

Research output: Contribution to journalArticle

Harvard

Kvangraven, IH 2020, 'Impoverished economics? A critical assessment of the new gold standard', World Development, vol. 127, 104813. https://doi.org/10.1016/j.worlddev.2019.104813

APA

Kvangraven, I. H. (2020). Impoverished economics? A critical assessment of the new gold standard. World Development, 127, [104813]. https://doi.org/10.1016/j.worlddev.2019.104813

Vancouver

Kvangraven IH. Impoverished economics? A critical assessment of the new gold standard. World Development. 2020 Mar;127. 104813. https://doi.org/10.1016/j.worlddev.2019.104813

Author

Kvangraven, Ingrid Harvold. / Impoverished economics? A critical assessment of the new gold standard. In: World Development. 2020 ; Vol. 127.

Bibtex - Download

@article{c7b3cbcb1fc84a7d9e3273cb309372be,
title = "Impoverished economics?: A critical assessment of the new gold standard",
abstract = "This article situates the 2019 Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel in the history of thought on development, tracing how the focus, theory and methods have shifted in the field. The article evaluates theoretical and methodological critiques of the way randomized control trials (RCTs) are employed by the laureates, as well as attempts to overcome these challenges. In terms of theory, the article demonstrates what gets lost when experiments are guided by methodological individualism and assumptions of individual utility-maximizing behavior. In terms of methodology, the article unpacks the limits of RCTs related to their causal model, and their lack of attention to human agency and wider socio-economic context. Finally, the article discusses the experimental approach{\textquoteright}s relevance for research and policy-making and cautions against any approach becoming a “gold standard,” due to the importance of pluralism for maintaining an open debate about development.",
author = "Kvangraven, {Ingrid Harvold}",
note = "{\textcopyright} 2019 Elsevier Ltd. This is an author-produced version of the published paper. Uploaded in accordance with the publisher{\textquoteright}s self-archiving policy. ",
year = "2020",
month = mar,
doi = "10.1016/j.worlddev.2019.104813",
language = "English",
volume = "127",
journal = "World Development",
issn = "0305-750X",
publisher = "Elsevier BV",

}

RIS (suitable for import to EndNote) - Download

TY - JOUR

T1 - Impoverished economics?

T2 - A critical assessment of the new gold standard

AU - Kvangraven, Ingrid Harvold

N1 - © 2019 Elsevier Ltd. This is an author-produced version of the published paper. Uploaded in accordance with the publisher’s self-archiving policy.

PY - 2020/3

Y1 - 2020/3

N2 - This article situates the 2019 Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel in the history of thought on development, tracing how the focus, theory and methods have shifted in the field. The article evaluates theoretical and methodological critiques of the way randomized control trials (RCTs) are employed by the laureates, as well as attempts to overcome these challenges. In terms of theory, the article demonstrates what gets lost when experiments are guided by methodological individualism and assumptions of individual utility-maximizing behavior. In terms of methodology, the article unpacks the limits of RCTs related to their causal model, and their lack of attention to human agency and wider socio-economic context. Finally, the article discusses the experimental approach’s relevance for research and policy-making and cautions against any approach becoming a “gold standard,” due to the importance of pluralism for maintaining an open debate about development.

AB - This article situates the 2019 Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel in the history of thought on development, tracing how the focus, theory and methods have shifted in the field. The article evaluates theoretical and methodological critiques of the way randomized control trials (RCTs) are employed by the laureates, as well as attempts to overcome these challenges. In terms of theory, the article demonstrates what gets lost when experiments are guided by methodological individualism and assumptions of individual utility-maximizing behavior. In terms of methodology, the article unpacks the limits of RCTs related to their causal model, and their lack of attention to human agency and wider socio-economic context. Finally, the article discusses the experimental approach’s relevance for research and policy-making and cautions against any approach becoming a “gold standard,” due to the importance of pluralism for maintaining an open debate about development.

U2 - 10.1016/j.worlddev.2019.104813

DO - 10.1016/j.worlddev.2019.104813

M3 - Article

VL - 127

JO - World Development

JF - World Development

SN - 0305-750X

M1 - 104813

ER -