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Macro dimensions of poverty brushed aside -Pritam Singh

-The Tribune A serious methodological flaw of the RCT approach that has been pointed out by ethnographic studies of poverty is that its overemphasis on quantitative method has deprived it of the insights of qualitative methods. There is some recognition of the flaw by admitting that a mixed method approach can be useful, but the approach remains hostile to qualitative methods. THE award of the 2019 Nobel Prize in Economics to Abhijit...

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Mob Lynchings: What kind of WhatsApp users and groups spread fake news?

-TheWire.in A new study from LSE, funded by a grant from WhatsApp, shines a spotlight on Hindu males and disinformation against minority groups. New Delhi: New research suggests that the spread of fake news in India that sparks mob lynchings is largely done out of “reasons of prejudice and ideology”, rather than “ignorance or digital literacy”. “It can be seen…that assuming most misinformation spreads through rural and/or illiterate users and targeting functional digital...

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The People's Economists -Shobhini Mukerji

-The Indian Express This year’s Nobel laureates shone the light on ways to address poverty As a young research associate, I stopped at a roadside dhaba with my boss, me armed with hand-sanitiser and a spoon, while my boss dug in to a plate of fish with her hands, devoured it down to the bones, washed her hands at the public sink, and proceeded to the car. My boss was Esther...

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Nobel winner Abhijeet Banerjee's advice to govt: Make policies that work; govt teachers are overpaid

-Financial Express Indian-American Nobel prize winner economist Abhijeet Banerjee on Monday said that the government should make policies that work for the people. Indian-American Nobel prize winner economist Abhijeet Banerjee on Monday said that the government should make policies that work for the people, TV news channel CNBC TV-18 reported. There is a willingness to announce policies that sound good and serve the political purpose dictate their nature, he also said in...

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An Economics for the poor -Himanshu

-The Indian Express Banerjee, Duflo and Kremer introduced a paradigm shift in approach to alleviating poverty. The Nobel Prize in Economics for 2019 has been awarded to Abhijit Banerjee, Esther Duflo and Michael Kremer for “their experimental approach to alleviating global poverty”. The approach, popularly known as Randomised Control Trial (RCT), has been the buzzword among development economists for almost two decades. Banerjee, Duflo and Kremer have used this technique (inspired...

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