Interview with James J. Heckman and Daniel L. McFadden (24 minutes)

Interview with the 2000 Laureates in Economics, James J. Heckman and Daniel L. McFadden, December 13, 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).