Nobel Prize – 850m people lifted out of poverty not important

ANN ARBOR, Michigan: This year’s Nobel Memorial Prize in Economic Sciences was awarded to Abhijit Banerjee, Esther Duflo, and Michael Kremer for their experimental approach to poverty reduction.

In
the Nobel Committee’s view, the economists’ use of randomised
controlled trials (RCTs) to test whether specific interventions work – a
method adapted from medical sciences – has “considerably