I have received a lot of positive feedback on my first two posts of the year (see here on how development economics has seemingly become about anything and everything, and see here on whether agricultural economics departments should invest further in international development). People seem to be enjoying the longer-form thoughts I share here about the fields I have worked in and, in the process, about the economics profession more broadly.
My interest in writing these posts goes back to my first year of college, when I took two classes which have profoundly influenced my thinking—one on the philosophy of knowledge, one on the analysis of scientific discourse—when doing a minor in philosophy.
I spent part of last summer working on a forthcoming article with Dan Millimet on Yair Mundlak and the fixed effects estimator. While working on that article, I was reminded of how the Agricultural and Applied Economics Association (AAEA, my professional home) used to be known as the American Agricultural Economics Association (it was known by that name when I attende my first AAEA annual meeting in 2003) and how, before that, it had been known as the American Farm Economics Association.1
Note the change in focus: From farm economics to agricultural economics, and from agricultural economics to agricultural and applied economics.
This emphasis on “applied economics” and whether it remains relevant is the subject of this post.