Monday, October 19, 2015

Nobel Laureate Angus Deaton vs Banerjee on Development Debate

Angus Deaton of Princeton University wins the Nobel prize. He works closely with numbers, and his preferred topics are consumption, poverty, and welfare.  His understanding encompasses about empirics, the importance of economic development, and indirectly a prize about economic history. His recent book The Great Escape, which focuses on how modernity revolutionized standards for consumption. I will share more links on his contribution to development economics, in particular understanding the poverty debate in India later on. Instead, I would like to share the debate, which happened more than two years ago DEATON V BANERJEE. It is worth watching and listening to both on the identifying pathways to development.Banerjee and Duflo are strong advocate of RCT (Randomised Control Test) 

2 comments:

Betuke Khyal said...

Good that you have written full form of RCT. For the uninitiated it is required, else they may take it for "root canal therapy".

Jokes apart, a good post containing a relevant debate.

jhumari telaiya said...

ha ha.. Ashwini..let me see how far I can sustain!