"Why not have one universal basic subsidy that covers everything (perhaps except health and education) and let people decide how they will spend it, rather than trying to target subsidies based on our imperfect knowledge of what people need and deserve?”—Banerjee, Nobel laureate--- This year’s economics Nobel prize went to three worthy economists — Abhijit Banerjee and Esther Duflo of the Massachusetts Institute of Technology, and Michael Kremer of Harvard University.
An Economics Nobel for Three Pragmatic Poverty-Fighters | | | | | | | | | | | An Economics Nobel for Three Pragmatic Poverty-Fighters Noah Smith Finding what works in developing nations is more meaningful than high-flying theories. | | | Finding what works in developing nations is more meaningful than high-flying theories.
