As Nobel prize winner and New York Times columnist Paul Krugman has noted, the field of economics is a lot like the field of medicine: They are fields where knowledge is limited, and where many cures are quite painful, but where regular people care deeply about the issues. What are some other ways that economics and medicine are alike?

As Nobel prize winner and New York Times columnist Paul Krugman has noted, the field of economics is a lot like the field of medicine: They are fields where knowledge is limited, and where many cures are quite painful, but where regular people care deeply about the issues. What are some other ways that economics and medicine are alike? Alike Not alike Answer Bank Person-on-the-street is over-confident about personal knowledge. Charlatans offer useless or damaging remedies for problems. There is lots more to learn. Practitioners must be licensed. Professionals are well-respected. It is difficult to run randomized experiments