Who is the author of 'Good Economics for Hard Times'?
AAbhijith Banerjee and Esther Duflo
BRaghuram G. Rajan
CSudipta Sarangi
DKaushik Basu
Answer:
A. Abhijith Banerjee and Esther Duflo
Read Explanation:
Authors and Academic Background
- Abhijit Banerjee and Esther Duflo are prominent economists affiliated with the Massachusetts Institute of Technology (MIT).
- They are the co-founders of the Abdul Latif Jameel Poverty Action Lab (J-PAL), which focuses on evidence-based approaches to poverty alleviation.
Nobel Prize Recognition
- The authors were jointly awarded the Nobel Memorial Prize in Economic Sciences in 2019.
- They shared the honor with Michael Kremer.
- The Nobel Committee recognized their experimental approach to alleviating global poverty, which involves breaking down complex issues into smaller, manageable questions through randomized controlled trials.
Key Themes of the Work
- The book addresses critical global challenges such as immigration, trade wars, climate change, and inequality.
- It emphasizes the importance of empirical evidence and data-driven policy-making over traditional economic ideologies.
- The authors argue that economic policies should be grounded in the lived realities of people, particularly the poor, to be effective in hard times.
Other Notable Works
- The duo previously co-authored the influential book Poor Economics: A Radical Rethinking of the Way to Fight Global Poverty (2011), which received the Financial Times and Goldman Sachs Business Book of the Year Award.