The promise of randomized controlled trials (RCTs) is that evidence gathered through the evaluation of a specific program helps us — possibly after several rounds of fine-tuning and multiple replications in different contexts — to inform policy. However, critics have pointed out that a...

"I discuss the role of economic theory in empirical work in development economics with special emphasis on general equilibrium and political economy considerations. I argue that economic theory plays (should play) a central role in formulating models, estimates of which can be used for...