(Before getting to Rahman’s paper, a quick note on today’s Clark Medal, which went to Roland Fryer, an economist at Harvard who is best known for his work on the economics of education. Fryer is no question a superstar, and is unusual in leaving academia temporarily while still quite young to work for the city of New York on improving their education policy. His work is a bit outside my interests, so I will leave more competent commentary to better informed writers.
The one caveat I have, however, is the same one I gave last year: the AEA is making a huge mistake in essentially changing this prize from “Best Economist Under 40” to “Best Applied Microeconomist Under 40”. Of the past seven winners, the only one who isn’t obviously an applied microeconomist is Levin, and yet even he describes himself as “an applied economist with interests in…
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Utopia, you are standing in it! 
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