Abhijit Tagade
@atagade1
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PhD student @LSEecon. Fellow @HarvardEcon. Innovation, networks, micro to macro. Previously @Columbia, @PSEinfo.
London, England
Joined February 2019
At the heart of economics is a scientific mystery--a mystery as deep, fundamental, and inspiring as that of the expanding universe or the forces that bind matter. How is order produced from freedom of choice? - Vernon Smith (paraphrased), 1982 AER
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Andrew Wiles on the morning he discovered how to fix his proof of Fermat's Last Theorem
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Don't miss the wonderful interview of Philippe Aghion by economist @LevyAntoine . An indepth review of his economic contribution, of his intellectual journey and of the main economic challenges facing France and Europe. With bonus personal pictures! (in English)
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Macro outcomes depend on the distribution of markups across firms/time, making firm-level markup estimates key for macro analysis. Firm data with wide coverage primarily comes from financial statements. Can markups be accurately estimated with such data? https://t.co/w1FNOZjSaO
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Let me explain why I believe modern economics is such a powerful tool for understanding the world. I’ll do this by discussing a great paper by Simone Cerreia-Vioglio, @UncertainLars, Fabio Maccheroni, and Massimo Marinacci, “Making Decisions Under Model Misspecification,”
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And science it is. Not a long meandering book you puzzle over. The logic is explicit. It makes quantitative predictions. You can see where it fails (it does) and improve it, or reject it. Even when wrong, that's science.
Economists will look you dead in the face and call this science
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What’s the matter with India? It is not inevitable that India be poor. Its people are certainly capable of being extremely productive. Indian immigrants to the United States and elsewhere have been very successful. India’s government has been stable since independence, and
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I am super excited to share a new AI tool, Refine. Refine thoroughly studies research papers like a referee and finds issues with correctness, clarity, and consistency. In my own papers, it regularly catches problems that my coauthors and I missed. 1/
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Economics Journals as Tennis Tournaments 🧵(for an extremely niche audience) Quarterly Journal of Economics = Wimbledon The oldest and most influential event, but also clubby, snobby, and elitist. To win it you must train on a very particular surface/ZIP code.
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This account is fake - I emailed the real Joel Mokyr to check. If you can help get it reported/shut down, please do - probably the easiest just to reach out to someone you know at X
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Surreal feeling when your advisor (and first coauthor) wins the Nobel Prize!
BREAKING NEWS The Royal Swedish Academy of Sciences has decided to award the 2025 Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel to Joel Mokyr, Philippe Aghion and Peter Howitt “for having explained innovation-driven economic growth” with one half to Mokyr
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🚨 2025 Nobel Prize in Economics goes to Mokyr, Aghion and Howitt 🚨 "for having explained innovation-driven economic growht" The best prize in years!
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Sadly it’s not just students who believe this. The “need to flex” is so real rather than seeing the message that’s conveyed. I started using LaTeX when I was 16, but the design flexibility and speed of Office / Keynote is hard to beat!
A student said I appear "incompetent" for using Word rather than Latex. Of course I know Latex. If you didn't know, you can type Latex code into Word. Press Alt = to open the equation editor, then type Latex code into Word. It is so much quicker than compiling a .tex file.
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Frequent convo between me and PhD students Me: "After 400 hours of data analysis on industry X, have you talked to anyone actually working in industry X" Student (S): "No" Me: "Why not?" Student: "Where would I find someone in industry X willing to talk to me"
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Heterodox economists believe that modern economics is flawed because it restricts itself to Newtonian mathematics. However, this reflects a flawed and outdated understanding of modern economics. Here are some examples of post-Newtonian mathematics used in modern economics
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Note that AMP is not related to admissions committees at any of the 5 econ depts, nor to applications. Being an AMP mentee will not give you a leg in admissions or insider access. It is a PhD student run volunteer program meant to mentor and reduce informational frictions. /5
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Other barriers include not knowing what a PhD entails, opportunities after a PhD, and a lack of confidence that may prevent one from striving for it in the first place. Anyone planning to pursue an econ research degree who would benefit from mentorship is welcome to apply. 4/
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Barriers to entry to academic economics can stem from a lack of access to knowledge on the admissions pipeline, research opportunities, specific research + technical skills, and familiarizing with processes at each step. 3/
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AMP was founded by Economics PhD students @LSEEcon to reduce barriers to entry to academic economics. Today it runs in partnership with @CamEcon, @EconUCL, @OxfordEconDept, @warwickecon! 2/
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