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

Author

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  • Flechtner Svenja

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

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.

Suggested Citation

  • Flechtner Svenja, 2019. "Winning the Fight Against Global Poverty One Experiment at a Time?: The Economics Nobel 2019," ORDO. Jahrbuch für die Ordnung von Wirtschaft und Gesellschaft, De Gruyter, vol. 70(1), pages 395-406, December.
    • Handle: RePEc:bpj:ordojb:v:70:y:2019:i:1:p:395-406:n:21
    DOI: 10.1515/ordo-2020-0022
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