A Radical Rethinking of the Way to Fight Global Poverty
The most significant increase in understanding in development economics in recent years has come from the growth of randomized control trials (RCTs) to learn about the behavior of individuals in poor countries. The intellectual entrepreneurs and founders of RCTs, Abhijit Banerjee and Esther Duflo, have synthesized a large number of results and proceeded to draw inferences for policies designed to lift the poor out of poverty in this eminently readable and important book.
As their name implies, RCTs study the responses of various groups of individuals or firms, controlling for other characteristics that influence behavior, when confronted with a new set of circumstances.
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