HOME





Poor Economics
''Poor Economics: A Radical Rethinking of the Way to Fight Global Poverty'' (2011) is a non-fiction book by Abhijit V. Banerjee and Esther Duflo, both professors of Economics at Massachusetts Institute of Technology (MIT) and Nobel Memorial Prize in Economic Sciences laureates. The book reports on the effectiveness of solutions to global poverty using an evidence-based randomized control trial approach. It won the 2011 Financial Times and Goldman Sachs Business Book of the Year Award.Andrew Hill"‘Poor Economics’ takes business book prize" ''Financial Times'', 3 Nov 2011. Overview ''Poor Economics'' lays out a middle ground between purely market-based solutions to global poverty, versus "grand development plans." It rejects broad generalizations and formulaic thinking. Instead, the authors help to understand how the poor really think and make decisions on such matters as education, healthcare, savings, entrepreneurship, and a variety of other issues. They advocate the us ...
[...More Info...]      
[...Related Items...]     OR:     [Wikipedia]   [Google]   [Baidu]  


Esther Duflo
Esther Duflo, FBA (; born 25 October 1972) is a French-American economist currently serving as the Abdul Latif Jameel Professor of Poverty Alleviation and Development Economics at the Massachusetts Institute of Technology (MIT). In 2019, she was jointly awarded the Nobel Memorial Prize in Economic Sciences alongside Abhijit Banerjee and Michael Kremer "for their experimental approach to alleviating global poverty". In addition to her academic appointment, Duflo is the co-founder and co-director of the Abdul Latif Jameel Poverty Action Lab (J-PAL), an MIT-based research center promoting the use of randomized controlled trials in policy evaluation. As of 2020, more than 400 million people had been impacted by programs tested by J-PAL affiliated researchers. Since 2024, Duflo has also served as the president of the Paris School of Economics alongside her appointment at MIT. Duflo is a Research Associate of the National Bureau of Economic Research (NBER), a board member o ...
[...More Info...]      
[...Related Items...]     OR:     [Wikipedia]   [Google]   [Baidu]  


Abhijit Banerjee
Abhijit Vinayak Banerjee (; born 21 February 1961) is an Indian American economist who is currently the Ford Foundation International Professor of Economics at the Massachusetts Institute of Technology. He is co-founder and co-director of the Abdul Latif Jameel Poverty Action Lab (J-PAL), an MIT based global research center promoting the use of scientific evidence to inform poverty alleviation strategies. In 2019, Banerjee shared the Nobel Memorial Prize in Economic Sciences with Esther Duflo and Michael Kremer, "for their experimental approach to alleviating global poverty." He and Esther Duflo are married, and became the sixth married couple to jointly win a Nobel or Nobel Memorial Prize. In addition to his academic appointments, Banerjee is a fellow of the Econometric Society, a member of the National Academy of Sciences, and a fellow of the American Academy of Arts and Sciences. In 1994, he received a Sloan Research Fellowship, awarded annually to early career researche ...
[...More Info...]      
[...Related Items...]     OR:     [Wikipedia]   [Google]   [Baidu]  


Nicholas Kristof
Nicholas Donabet Kristof (born April 27, 1959) is an American journalist and political commentator. A winner of two Pulitzer Prizes, he is a regular CNN contributor and an op-ed columnist for ''The New York Times''. Born in Chicago, Kristof was raised in Yamhill, Oregon, the son of two professors at nearby Portland State University. After graduating from Harvard University, where he wrote for '' The Harvard Crimson'', Kristof intermittently interned at '' The Oregonian''. He joined the staff of ''The New York Times'' in 1984. Kristof is a self-described progressive. According to ''The Washington Post'', Kristof "rewrote opinion journalism" with his emphasis on human rights abuses and social injustices, such as human trafficking and the Darfur conflict. Archbishop Desmond Tutu of South Africa described Kristof as an "honorary African" for shining a spotlight on neglected conflicts in the continent. Early life and education Kristof was born in Chicago, Illinois, and grew u ...
[...More Info...]      
[...Related Items...]     OR:     [Wikipedia]   [Google]   [Baidu]  


picture info

The Guardian
''The Guardian'' is a British daily newspaper. It was founded in Manchester in 1821 as ''The Manchester Guardian'' and changed its name in 1959, followed by a move to London. Along with its sister paper, ''The Guardian Weekly'', ''The Guardian'' is part of the Guardian Media Group, owned by the Scott Trust Limited. The trust was created in 1936 to "secure the financial and editorial independence of ''The Guardian'' in perpetuity and to safeguard the journalistic freedom and liberal values of ''The Guardian'' free from commercial or political interference". The trust was converted into a limited company in 2008, with a constitution written so as to maintain for ''The Guardian'' the same protections as were built into the structure of the Scott Trust by its creators. Profits are reinvested in its journalism rather than distributed to owners or shareholders. It is considered a newspaper of record in the UK. The editor-in-chief Katharine Viner succeeded Alan Rusbridger in 2015. S ...
[...More Info...]      
[...Related Items...]     OR:     [Wikipedia]   [Google]   [Baidu]  




Madeleine Bunting
Madeleine Clare J. Bunting (born March 1964) is an English writer. She was formerly an associate editor and columnist at ''The Guardian'' newspaper. She has written five works of non-fiction and two novels (''Ceremony of Innocence'' will be published in 2022). She is a regular broadcaster for the BBC. Her most recent series of essays for BBC Radio 3 was on the idea of Home, and broadcast in March 2020. Previous series of essays include 'Are You Paying Attention?' (2018) 'The Crisis of Care' (2016) and 'The Retreating Roar' (2014) on the loss of faith. Life and career Early life and education Bunting was born Clare Bunting in Oswaldkirk, North Yorkshire, the daughter of Romola Jane (Farquharson) and sculptor John Bunting, who taught drawing at the Catholic independent school Ampleforth College. Her ancestry is English, Irish, Scottish, and, through her maternal grandmother, Ashkenazi and Sephardi Jewish. The fourth of five children, Madeleine was the youngest daughter from John ...
[...More Info...]      
[...Related Items...]     OR:     [Wikipedia]   [Google]   [Baidu]  


picture info

Robert Solow
Robert Merton Solow, GCIH (; August 23, 1924 – December 21, 2023) was an American economist who received the 1987 Nobel Memorial Prize in Economic Sciences, and whose work on the theory of economic growth culminated in the exogenous growth model named after him. He was Institute Professor Emeritus of Economics at the Massachusetts Institute of Technology, where he was a professor from 1949 on. He was awarded the John Bates Clark Medal in 1961, the Nobel Memorial Prize in Economic Sciences in 1987, and the Presidential Medal of Freedom in 2014. Four of his PhD students, George Akerlof, Joseph Stiglitz, Peter Diamond, and William Nordhaus, later received Nobel Memorial Prizes in Economic Sciences in their own right. Biography Robert Solow was born in Brooklyn, New York, into a Jewish family on August 23, 1924, the oldest of three children. He attended local public school and excelled academically early in life. In September 1940, Solow went to Harvard College with ...
[...More Info...]      
[...Related Items...]     OR:     [Wikipedia]   [Google]   [Baidu]  


40 Under 40 (Fortune Magazine)
''Fortune'' magazine's 40 Under 40 is a list of individuals the publication considers to be the most influential young leaders for the year. The list has existed in two phases: From 1999 to 2003, the list was presented purely as a numeric ranking of wealth, capturing the first dot com boom. The current iteration started in 2009 and is a subjective ranking of power and influence. The list includes business executives, political figures, sportsmen, fashion designers, and others who are under the age of forty years old. The majority of the list members are business executives from the tech industry. The list often features business men and women who have made their names in various enterprises, and does not always choose candidates from blue chip industries. See also * Other ''Fortune'' lists * Forbes 30 Under 30 ''Forbes'' 30 Under 30 is a set of lists published annually by ''Forbes'' magazine since 2011 consisting of 30 notable people under 30 years old in various indust ...
[...More Info...]      
[...Related Items...]     OR:     [Wikipedia]   [Google]   [Baidu]  


picture info

MacArthur Fellows Program
The MacArthur Fellows Program, also known as the MacArthur Fellowship and colloquially called the "Genius Grant", is a prize awarded annually by the MacArthur Foundation, John D. and Catherine T. MacArthur Foundation to typically between 20 and 30 individuals working in any field who have shown "extraordinary originality and dedication in their creative pursuits and a marked capacity for self-direction" and are citizens or residents of the United States. According to the foundation's website, "the fellowship is not a reward for past accomplishments but rather an investment in a person's originality, insight, and potential", but it also says such potential is "based on a track record of significant accomplishments". The current prize is $800,000 paid over five years in quarterly installments. Previously, it was $625,000. This figure was increased from $500,000 in 2013 with the release of a review of the MacArthur Fellows Program. The award has been called "one of the most signifi ...
[...More Info...]      
[...Related Items...]     OR:     [Wikipedia]   [Google]   [Baidu]  


John Bates Clark Medal
The John Bates Clark Medal is awarded by the American Economic Association to "that American economist under the age of forty who is adjudged to have made a significant contribution to economic thought and knowledge." The award is named after the American economist John Bates Clark (1847–1938). According to '' The Chronicle of Higher Education'', it "is widely regarded as one of the field's most prestigious awards... second only to the Nobel Memorial Prize in Economic Sciences." Many of the recipients went on to receive the Nobel Prizes in their later careers, including the inaugural recipient Paul Samuelson Paul Anthony Samuelson (May 15, 1915 – December 13, 2009) was an American economist who was the first American to win the Nobel Memorial Prize in Economic Sciences. When awarding the prize in 1970, the Swedish Royal Academies stated that he "h .... The award was made biennially until 2007, but from 2009 is now awarded every year because of the growth of the field. Alth ...
[...More Info...]      
[...Related Items...]     OR:     [Wikipedia]   [Google]   [Baidu]  


picture info

Development Economics
Development economics is a branch of economics that deals with economic aspects of the development process in low- and middle- income countries. Its focus is not only on methods of promoting economic development, economic growth and structural change but also on improving the potential for the mass of the population, for example, through health, education and workplace conditions, whether through public or private channels. Development economics involves the creation of theories and methods that aid in the determination of policies and practices and can be implemented at either the domestic or international level. This may involve restructuring market incentives or using mathematical methods such as intertemporal optimization for project analysis, or it may involve a mixture of quantitative and qualitative methods. Common topics include growth theory, poverty and inequality, human capital, and institutions. Unlike in many other fields of economics, approaches in development econ ...
[...More Info...]      
[...Related Items...]     OR:     [Wikipedia]   [Google]   [Baidu]  


picture info

Poverty Alleviation
Poverty reduction, poverty relief, or poverty alleviation is a set of measures, both economic and humanitarian, that are intended to permanently lift people out of poverty. Measures, like those promoted by Henry George in his economics classic ''Progress and Poverty'', are those that raise, or are intended to raise, ways of enabling the poor to create wealth for themselves as a conduit of ending poverty forever. In modern times, various economists within the Georgism movement propose measures like the land value tax to enhance access to the natural world for all. Poverty occurs in both developing countries and developed countries. While poverty is much more widespread in developing countries, both types of countries undertake poverty reduction measures. Poverty has been historically accepted in some parts of the world as inevitable as non-industrialized economies produced very little, while populations grew almost as fast, making wealth scarce. Geoffrey Parker wrote: "In Ant ...
[...More Info...]      
[...Related Items...]     OR:     [Wikipedia]   [Google]   [Baidu]  


picture info

Michael Kremer
Michael Robert Kremer (born November 12, 1964) is an American Development economics, development economist currently serving as university professor in economics at the University of Chicago and director of the Development Innovation Lab at the Becker Friedman Institute for Research in Economics. Kremer formerly served as the Gates Professor of Developing Societies at Harvard University, a role he held from 2003 to 2020. In 2019, Kremer was jointly awarded the Nobel Memorial Prize in Economic Sciences, together with Esther Duflo and Abhijit Banerjee, "for their experimental approach to Poverty reduction, alleviating global poverty." In addition to his academic appointments, Kremer is the co-founder of the Bureau for Research and Economic Analysis of Development, Bureau for Research and Economic Analysis of Development (BREAD), a member of the National Academy of Sciences, and a Research Associate at the National Bureau of Economic Research. In 2008, he was elected a Fellow of t ...
[...More Info...]      
[...Related Items...]     OR:     [Wikipedia]   [Google]   [Baidu]