The 2019 Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel was awarded to Abhijit Banerjee, Esther Duflo and Michael Kremer \u201cfor their experimental approach to alleviating global poverty.\u201d Many welcomed this award as it both increased the diversity of those who received it and recognised the recent trend in economics to give more weight to evidence than theory.<\/p>\n
Of course, those who followed our #NotTheNobel campaign last year will know this is not a \u2018real\u2019 Nobel Prize, but it still gives the winners huge authority. This is likely to further ensure that their experimental approach is viewed as the \u2018gold standard\u2019 for evidence-based poverty alleviation policy. And maybe the status of evidence in economics more broadly will improve. So what\u2019s not to like?<\/p>\n
Naila Kabeer, Professor of Gender and Development at the LSE, has examined the validity of this experimental approach and found many shortcomings. She shows that a seemingly objective evidential approach is far from it and discusses what an evidence-based approach to poverty alleviation should look like.<\/p>\n
Steve Mandel responds based on his experience as a practicing development economist.<\/p>\n
This is followed by open discussion.<\/p>\n","protected":false},"excerpt":{"rendered":"
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