James Heckman on Facts, Evidence, and the State of Econometrics

Nobel Laureate James Heckman talks with host Russ Roberts about the state of econometrics and the challenges of measurement in assessing economic theories and public policy. Heckman gives his take on natural experiments, selection bias, randomized control trials and the reliability of sophisticated statistical analysis. The conversation closes with Heckman reminiscing about his intellectual influences throughout his career.