UC Berkeley economist David Card, Nobel Prize winner, talks about the necessity of innovation in economic research in order to make it more transparent, verifiable and useful. The reason behind looking for answers was that the existing steps were not yielding the desired results. Theoretical models for economic dynamics were not nearly enough. The goal is to get economists to think differently about any given challenge. Card talked about his views and his journey that brought him to this point. Along with his colleagues who shared the award, their design and direction for innovation in economic research has paved the way for numerous advances. Read More Step up your leadership skills through strategic thinking and innovation at the University of California, Berkeley. Click to know more about the Berkeley Executive Program in Management (Berkeley EPM).