Esther Duflo and Abhijit Banerjee’s Nobel Prize Is a Cautionary Tale for Economics
archive.today webpage capture Saved from no other snapshots from this url 9 Dec 2019 20:34:29 UTC All snapshots from host foreignpolicy.com WebpageScreenshot sharedownload .zipreport bug or abuseBuy me a coffee news | analysis | podcasts | the magazine | channels | newsletters ARGUMENT Economics’ Biggest Success Story Is a Cautionary Tale Field experiments now dominate development economics—often at the expense of the world’s poor. BY SANJAY G. REDDY | OCTOBER 22, 2019, 9:56 AM Esther Duflo and Abhijit Banerjee, who share a 2019 Nobel Memorial Prize in Economic Sciences with Michael Kremer, answer questions during a press conference at the Massachusetts Institute of Technology in Cambridge on Oct. 14. SCOTT EISEN/GETTY IMAGES When I was a graduate student of economics in the early to mid-1990s, a new idea was just starting to emerge in the field of global development: using randomized controlled trials (RCTs), of the sort that had long been common in medicine, to assess efforts to
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