A Nobel for a technocratic approach to poverty
In this week’s Acton Commentary, Victor Claar looks at the work of the three economists awardedthe 2019 Sveriges Riksbank Prize in Economic Sciences. Claar, associate professor of economics at Florida Gulf Coast University and an Acton affiliate scholar, says “economists are quite divided on this year’s prize” given to Abhijit Banerjee,Esther DufloandMichael Kremer. As an economist I can tell you that we adore unexpected, counterintuitive results like the ones for textbooks and meals. And researchers like Banerjee, Duflo, and Kremer...