Nobel laureates Banerjee and Duflo take on world's biggest problems - Business Insider

MIT economists Abhijit Banerjee and Esther Duflo have been at the forefront of rethinking the way we tackle extreme poverty. Their approach of using randomized control trials, typically used by clinical researchers, can sound deceptively simple, and was groundbreaking enough to, which they shared with Harvard's Michael Kremer.

We sat down with Banerjee and Duflo, who are married, to discuss "Good Economics for Hard Times," and it was obvious they naturally play off each other. They said their years of collaboration has resulted in a shorthand between them when they tackle new topics . , it was taken in 2017, which said that economists are the least trusted people except for politicians. We replicated the question in the US in 2018 and we found the same thing.

One thing that did strike me as something that I had not fully realized the extent of, is how immobile people are geographically. And for the US, I don't think before writing this book I knew that And I think that particular thing is coming back. You can give many, many arguments for what's going on and you can defend the status quo in one way or the other, but in the end it doesn't hang together. We just see the facts that are so glaring. The fact that the death rate among the white population is rising, these kinds of facts are so glaring. The Gilded Age has that same feel of being, "Cut the crap. We're really in a place where we could not imagine we would ever end up.

Cool! Harvard, sounds like an interesting article :)

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