Nobel Rebels in Disguise — Assessing the Rise and Rule of the Randomistas
Ingrid Harvold Kvangraven ()
Review of Political Economy, 2020, vol. 32, issue 3, 305-341
Abhijit Banerjee, Esther Duflo and Michael Kremer were awarded the 2019 Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel for their pioneering of randomized control trials (RCTs) to find reliable answers about the best ways to fight global poverty. This article unpacks the laureates’ theoretical and methodological approach to development economics in order to evaluate to what extent their approach signifies a break from broader trends in the field. In particular, it investigates the role RCTs have played in both generating knowledge about development interventions and in shaping development policy debates more broadly. Finally, the article argues that despite their rebellious and radical façade, the randomista enterprise has led to a more exclusive development economics, while at the same time failing to improve our ability to fight poverty.
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Persistent link: https://EconPapers.repec.org/RePEc:taf:revpoe:v:32:y:2020:i:3:p:305-341
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