✉news BusinessEconomy first seen 1 d ago, last 1 d ago, peak #13
The replication crisis threatens economic policy
Commentators warn that the replication crisis, long associated with psychology and other sciences, now undermines economic policy. Many influential findings in economics have failed to replicate, raising concerns that government decisions on taxation, welfare and development may rest on unreliable research. The debate focuses on how much policy advice should be trusted when its academic foundations prove fragile.
Why now: Growing scrutiny of whether economic research behind policy decisions can actually be replicated.
Evidence
- The replication crisis threatens economic policy · GIS Reports
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