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Seminal papers that later were proven to contain errors
I was reading on institutions, and I came across Acemoglu, Johnson and Robinson (AJR) paper on The Colonial Origins of comparative development: An Empirical Investigation, and this paper seemed so 'perfect' that spawned a lot of other papers based on the data of ancient settler mortality rate and how it was used by AJR as an IV for the current quality of Institutions in former colonies. However, as I began searching more on this paper, I found out that the paper is in fact ridden with errors, specially on data treatment. ( Albouy's 2012 comment on the same paper, published by The American Economic Review) I would like to know, if, besides this paper on development economics, are there any other seminal papers, in any area of economics, that later on were proven to have crucial mistakes/errors that invalidated the paper conclusions?
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