CLEAN : 2021 Nobel Economics winners "discovered that what we thought was right is wrong"

The video discusses the concept of natural experiments in economics, focusing on the impact of immigration and minimum wage on employment. It includes a personal anecdote about receiving recognition alongside colleagues. The speaker addresses the challenges posed by the pandemic, highlighting the unequal impact on different populations. The video reevaluates previous economic assumptions, finding that minimum wages and immigration may not harm employment as previously thought. It emphasizes the importance of providing insights for better policy decisions while maintaining political neutrality.

What is a natural experiment in the context of economics?

What challenges does the speaker mention regarding the adaptation to problems related to the pandemic?

How has the perception of minimum wages and their impact on employment changed according to the speaker?

What are the implications of immigration on wages for different groups of workers?

What is the speaker's stance on political issues and the role of economics in informing policy decisions?