Winning the Fight Against Global Poverty One Experiment at a Time?: The Economics Nobel 2019

Flechtner Svenja ()
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Flechtner Svenja: Fakultät: Wirtschaftswissenschaften, Wirtschaftsinformatik und Wirtschaftsrecht, Universität SiegenSiegenGermany

ORDO. Jahrbuch für die Ordnung von Wirtschaft und Gesellschaft, 2019, vol. 70, issue 1, 395-406

Abstract: The Economics Nobel 2019 for Abhijit Banerjee, Esther Duflo and Michael Kremer for their experimental approach to alleviating global poverty has been received by economists with a wide array of reactions. This article introduces the experimental revolution in development economics and the work of Banerjee, Duflo and Kremer and then discusses a number of critiques that have been raised about it: methodological concerns relating to the internal and external validity of experiments in economics; a supposed focus of RCTs on the microlevel and a distraction of development economics away from structural issues; the scope of experimental research for poverty reduction; and normative concerns arising when experiments are used in development economics.

Keywords: Development Economics; Experimental Economics; Randomized Controlled Trials (RCTs); Nobel Prize; Entwicklungsökonomik; Experimentalökonomik; randomisierte kontrollierte Studien (RCTs); Nobelpreis (search for similar items in EconPapers)
Date: 2019
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DOI: 10.1515/ordo-2020-0022

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