Finance & economics | Free exchange

Alan Krueger, natural talent

A quiet revolutionary of economics died on March 16th

FEW ECONOMISTS can claim either to have successfully challenged the bedrock beliefs of their field or to have altered how governments pursue policies that affect millions. Alan Krueger, who died on March 16th, managed both. In research with David Card in the early 1990s, Mr Krueger showed, through careful data analysis, that increases in the minimum wage did not lead to reductions in employment, as standard models suggested they should. The research, which the authors summarised in a seminal book, “Myth and Measurement”, published in 1995, drew a scathing initial response. Critics assaulted their motivations, data and analysis until allowing, finally, that the pair had a point. Their work changed economics and politics. It also exemplified Mr Krueger’s career as both scholar and public servant.

This article appeared in the Finance & economics section of the print edition under the headline “Natural talent”

The determinators: Europe takes on the tech giants

From the March 23rd 2019 edition

Discover stories from this section and more in the list of contents

Explore the edition

Discover more

Dark rain clouds move over the port of Hamburg, Germany

Germany’s economy goes from bad to worse

Things may look brighter next year, but the relief will be short-lived

An economics Nobel for work on why nations succeed and fail

Daron Acemoglu, Simon Johnson and James Robinson tackled the most important question of all


Why investors should still avoid Chinese stocks

The debate about “uninvestibility” obscures something important


China’s property crisis claims more victims: companies

Unsold homes are contributing to a balance-sheet recession

Europe’s green trade restrictions are infuriating poor countries

Only the poorest can expect help to cushion the blow

How America learned to love tariffs

Protectionism hasn’t been this respectable for decades