The Great Escape

We were honored to host Angus Deaton last week for a lecture on his brand new book. A standing-only crowd piled in to hear Deaton, Professor of International Affairs and  Economics at Princeton, discuss humanity's "Great Escape" from poverty as well as the troubling health and income inequalities that still persist. [shareprints gallery_id="5806" gallery_type="slidescroll" gallery_position="pos_center" gallery_width="width_100" image_size="small" image_padding="0" theme="dark" image_hover="false" lightbox_type="slide" titles="true" captions="true" descriptions="true" comments="true" sharing="true"]All photos ©NYU Photo Bureau: Prouhansky

Short Clip 1- Some Things That Would Do Good

Short Clip 2- It's Not About The Money

Short Clip 3- What Is to Be Done about Weak State Capacity?

Deaton v Banerjee, the short version

In March, Abhijit Banerjee and Angus Deaton, two of the most brilliant development economists of our time, squared off at DRI’s Debates in Development conference. Here's the four-minute version:

For Banerjee, co-author with Esther Duflo of Poor Economics, development experiments are valuable because they force researchers to think rigorously about causality, and help create an agenda for learning.

[vimeo https://vimeo.com/78374656]

For Princeton development economist Angus Deaton, identifying a causal effect is not so useful because it inevitably depends upon the interaction with other "helping factors."  More generally, blind trust in randomized controlled trials (RCTs) leads to overconfidence and lack of sufficient scrutiny of  potentially bad evidence.

[vimeo https://vimeo.com/78370828]

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So that was the short, short version, but if you've got a little more time, we have got a longer version. Continue Reading

Latest Schedule Update for Thursday’s Conference

Debates in Development: The Search for Answers

When: March 22, 2012 Where: The Great Hall at Cooper Union, New York City 7 East 7th Street, New York, NY View Map This event is free and open to the public, but space is limited

Register online

9:00am-10:00am Coffee and Refreshments

10:00am-10:45am Introductory Remarks from DRI Technology Answers and Development Possibilities Yaw Nyarko, NYU Development Research Institute Finding Answers or Answer-Finding Systems? William Easterly, NYU Development Research Institute

10:45am-12:15pm Session I: Development Goals, Evaluation, and Learning from Projects in Africa Michael Clemens, Center for Global Development Stewart Paperin, Open Society Foundations Bernadette Wanjala, Tilburg University Development Research Institute

12:15pm-1:30pm Lunch Provided Cooper Union Great Hall Lobby

1:30pm-2:30pm  Session II: Keynote Address: Finding Answers in the Global Market Andrew Rugasira, Founder and Chairman, Good African Coffee, Uganda

2:30pm-3:00pm  Coffee Break

3:00pm-4:30pm  Session III: Searching for Answers with Randomized Experiments Abhijit Banerjee, MIT, presentation of the book “Poor Economics” Discussant: Angus Deaton, Princeton University and Woodrow Wilson School

4:30pm  “Poor Economics” Book Signing

Download printable PDF with map and schedule