[selectionbias]

Both of your assertions are inaccurate. First of all the economics prize, while not an original prize, is recognized by the Nobel foundation, and that 'Swedish bank' is the central bank of Sweden.

Secondly, the idea that modern academic economics is driven by ideology and linear regression is demonstrably false. Take a look at the latest edition of QJE, the highest impact factor economics journal (link: https://academic.oup.com/qje/issue/134/4). Most of those articles are use empirical evidence to answer questions with obvious policy importance (e.g., causes of food inequality, effectiveness of workplace wellness policies). And modern econometric methods do not amount to linear regression, they include things like regression discontinuity design, instrumental variables techniques, panel data methods, that can provide convincing evidence of causal effects when only quasi-random variation is available. The Nobel prize your commenting on was awarded to researchers carrying out RCTs to assess the impact of specific interventions, how is that mere ideology and linear regression?