When Blockchain will do what current institutions do not.

As the hype surrounding cryptocurrencies is behind us, this does not mean that the technology underlying the functioning of those currencies is a force to be reckoned with. Don and Alex Tapscott gave a good summary of the promises of the technology: “The blockchain is an incorruptible digital ledger of economic transactions that can be programmed to record not just financial transactions but virtually everything of value.”

Spotlight

Politics & Policy

We are delighted to present our first ever article exchange with another publication: Politics & Policy from Northwestern University. It was founded on August 1st 2010 by four students wanting to raise the tone of political debate on their campus, by creating a non-partisan platform where politically minded students could publish rigourous and academically informed analysis of current events. In their own words “P&P [Politics & Policy] is a community of individuals interested in why world shaping events occur and what impact these events have on our lives.”

We highly encourage you to visit their website to see more content at  http://politicsandpolicy.org/, we will be sending some issues of this magazine to their campus to be read by their students, we hope to distribute some of their issues in Toulouse soon!

Exchange

The Empirical Revolution in Economics: Taking Stock and Looking Ahead*

The last 40 years have witnessed tremendous developments in empirical work in economics. In a recent paper, Josh Angrist and his coauthors show that the proportion of empirical work published in top journals in economics has moved from around 30% in 1980 to over 50% today. This is a very important and welcome trend. In this article, I want to take stock of what I see as the main progress in empirical research and look ahead at the remaining challenges.

Academics