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Winning the Fight Against Global Poverty One Experiment at a Time?

The Economics Nobel 2019

Svenja Flechtner EMAIL logo
From the journal ORDO

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.

Zusammenfassung

Der Nobelpreis für Wirtschaftswissenschaften 2019, der Abhiit Banerjee, Esther Duflo und Michael Kremer für ihren experimentellen Ansatz zur Armutsbekämpfung auszeichnet, hat unter Ökonom*innen weltweit eine große Bandbreite an Reaktionen und Kommentaren hervorgerufen. Dieser Artikel porträtiert die experimentelle Revolution in der Entwicklungsökonomik sowie die Arbeit von Banerjee, Duflo und Kremer und diskutiert einige der geläufigen Kritikpunkte: Bedenken bezüglich der internen und externen Validität von Experimenten in der Ökonomik; ein möglicher Fokus von RCTs auf die Mikroebene und damit die Ablenkung von strukturellen Faktoren in der Entwicklungsökonomik; die Reichweite von Experimenten für globale Armutsreduktion; und normative Bedenken der Anwendung von Experimenten in entwicklungsökonomischen Kontexten.

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Published Online: 2019-03-19
Published in Print: 2019-03-16

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