The Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel 2000
James J. Heckman, Daniel L. McFadden
Interview with Daniel L. McFadden at the 3rd Meeting in Economic Sciences in Lindau, Germany, August 2008. The interviewer is Adam Smith, Editor-in-Chief of Nobelprize.org.
Daniel McFadden talks about growing up on a North Carolina farm without electricity or running water, transitioning from graduate studies in experimental physics to social psychology and then choice behaviour economics (3:34), approaching economic enquiry as an engineer (11:46), and his current research in healthcare (18:19). He also discusses the 'Tower of Babel' problem between disciplines (30:19), the emerging field of neuroeconomics (32:51) and his life since being awarded the Nobel Prize (38:22).
Interview with the 2000 Laureates in Economics, James J. Heckman and Daniel L. McFadden, on 13 December 2000. Interviewer is Professor Bertil Holmlund, Uppsala University.
The Laureates talk about why they started studying economics, the role of econometrics (6:08), the prevalence of theory in economic journals (10:52), experiments in economics (14:32), the impact of their work on policy-making (17:59) and if economists can learn from other disciplines (21:25).