Utopia, you are standing in it!
I will let the data speak for itself on the latest from Noah Smith:
Economics is a theory-centric field. Until the last decade or so, theory dominated the literature and empirics took a back seat. In the world of engineering and practical application, that is a recipe for trouble. Theories that have not been rigorously tested against data may get papers published and may win Nobel prizes, but they will not necessarily work when you try to apply them.
Source: Daniel S. Hamermesh (2012) Six Decades of Top Economics Publishing: Who and How?, Table 4.
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