Mastering ’Metrics: The Path from Cause to Effect
Joshua Angrist and Jörn-Steffen Pischke
Princeton University Press, 2014
“People are constantly looking at the world around them and trying to learn from it, and that’s natural,” MIT economist Joshua Angrist says. “But it turns out to be very difficult to sort out cause and effect, because the world is complicated, with many things happening at once.” In their new book, Angrist and co-author Jörn-Steffen Pischke detail five methods of identifying causality in society, emphasizing that the best work of this type combines methodological sophistication and hard-earned knowledge of particular subjects.