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The Frisch Medal — How Econometrics Transformed Economics What does it mean to measure an economy scientifically? Since 1978, the Frisch Medal has recognized the most important applied papers published in Econometrica. These are not just influential articles — they are methodological breakthroughs that reshaped how economists identify causal effects, estimate structural models, and evaluate policy. This series traces the intellectual evolution of applied econometrics across nearly five decades. From demand systems and rational expectations… to dynamic discrete choice and structural industrial organization… to natural experiments, heterogeneous agents, spatial equilibrium, multi-sided markets, and experimental general equilibrium… The trajectory is clear: Identification became central. Equilibrium became unavoidable. Computation became essential. Policy became counterfactual. This playlist is not a set of summaries. It is a guided intellectual journey through the papers that changed how economics is done. If you care about how economists measure competition, labor supply, trade, uncertainty, insurance markets, development policy, and more — this series is for you. Welcome to the evolution of applied econometrics.