-TheWire.in All three winners argue that using randomised control trials can lead to better public policy interventions. New Delhi: The 2019 Nobel Prize for economics has been awarded to three economists who have focused on framing policies by first measuring the outcomes of alternative interventions on randomly chosen samples from a target population. Abhijit Banerjee, Esther Duflo and Michael Kremer have all worked on using this method to argue that randomised control trials...
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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...
More »Plight of cotton farmers still unresolved -Sachin Kumar Sharma & Abhijit Das
-The Hindu Business Line The WTO hasn’t got the US to cut its cotton subsidies. This has hurt developing nations and distorted global trade in the commodity Recognising the importance of cotton in agriculture development, poverty reduction and international trade, World Trade Organization (WTO) observed World Cotton Day on October 7. While this initiative is laudable, it does not conceal the harsh reality that the WTO has failed repeatedly in its efforts...
More »Where Do I Belong? -Saikat Bose
-The Indian Express For a migrant to Delhi, obtaining legal identity is a tough ask Before I moved to Delhi, a friend told me, “You are moving to the city of migrants and djinns”. All this while I believed I am the migrant, now I am not sure. I have been living in Delhi for over five years. I built a career here, made some of my best friends here and I...
More »Patna Corporation admitted it failed, told HC before rains: 'Functioning in primitive way' -Santosh Singh
-The Indian Express From September 28 to October 1, Patna received about 400 mm of rainfall. With all 39 sump houses remaining non-functional till October 1, at least 60 per cent of Patna faced water-logging. * “Any modern city requires four basic infrastructure systems in place to function efficiently — drinking water supply system, storm water drainage system, sewage system and sewerage network system, and solid waste management system. Patna Municipal...
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