Wednesday, June 8, 2011

"Poor Economics: A Radical Rethinking of the Way to Fight Global Poverty" (Duflo and Banerjee)

"A big constraint is what we call lazy thinking. I think we have a tendency as social scientists to look for the gulity party when we see something bad is happening... If we actually took on the burden of thinking about the problem, about thinking about why the problem arises rather than making up a story about it, looking at the data rather than starting from our premise or our ideology, sort of trying new things rather than just saying that this is how things are always done so this must be the right way to do it... we can actually make a lot of progress."

The 3 I's: ideology, ignorance, and inertia

LSE lecture podcast here. Book here.

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