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Put some money in the hands of people...so that they have money when lockdown opens, says Abhijit Banerjee -Sandeep Phukan

-The Hindu Right now, linking Aadhar with Public Distribution System would have been very good, the Nobel laureate tells former Congress chief Rahul Gandhi in a conversation The Congress on Tuesday released an edited video of a conversation between Nobel laureate Professor Abhijit Banerjee and former party chief Rahul Gandhi on the challenges posed by the COVID-19 pandemic. Here are the excerpts from the conversation. Rahul Gandhi: Just out of curiosity, you got...

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Covid-19: India has not done ‘anything close to enough’ to help the poor, says Abhijit Banerjee

-Scroll.in The Nobel laureate said people needed reassurance and that the administration had to be ‘proactive’ in doing so. Nobel laureate Abhijit Banerjee on Friday said India has not done “anything close to enough” to provide relief to the poor, who have been adversely impacted by the countrywide lockdown to contain the spread of the coronavirus. In an interview to BBC, Banerjee said the Indian government needs to think of a “clear,...

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A long haul, spend wisely, but don’t skimp on the truly needy -Amartya Sen , Abhijit Banerjee & Raghuram Rajan

-The Indian Express Amartya Sen, Raghuram Rajan, Abhijit Banerjee write: As it becomes clear that the lockdown will go on for quite a while, the biggest worry right now, by far, is that a huge number of people will be pushed into dire poverty or even starvation by the combination of the loss of their livelihoods and interruptions in the standard delivery mechanisms. We in India worry a lot about the possible...

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‘Good Economics for Hard Times: Better Answers to Our Biggest Problems’ review: Have plumbers, need architect -Jean Drèze

-The Hindu Seeing economists as ‘plumbers’, Abhijit Banerjee and Esther Duflo show how economic reasoning and evidence can shed light on real-world issues John Maynard Keynes, the founder of Keynesian economics, once said that “if economists could manage to get themselves thought of as a humble, competent people, on a level with dentists, that would be splendid”. Judging from recent opinion polls, economists still have a long way to go. According to...

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Banking sector is stressed, govt in no position to bail it out: Abhijit Banerjee

-PTI * The author of 'Good Economics for Hard Times' added that the slowdown in the economy will also adversely impact poverty alleviation in the country * Abhijit Banerjee said the demand slowdown in the automobile sector also shows that people are lacking confidence in the economy JAIPUR: Nobel laureate and economist Abhijit Banerjee here on Sunday said the banking sector in the country is "stressed" and the government is in no position...

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