I came across this fantastic series of papers published by EPW which discusses whether development economics should go more empirical or turn theoretical.
The first paper by Mookherjee leads to comments by several economists and this has been put up as a series of papers. Mookherjee points to a fantastic exchange of thoughts between Keynes and Tinbergen and it sets the tone.
Highly recommended for those interested in development economics.
PS. I am all for empirics but it is actually turning into a nightmare lately. People use empirics for everything and simple ideas get lost. There are some papers which are very good but wioth more focus on empirics looses its essence. A balance is needed and as of now it has tilted bigtime towards empirics. I also covered Thaler’s paper who also hoped we move towards a more realistic economics. Unfortunately, we haven’t.