Nobel Prize in Economics 2019

The news of this year's Nobel laureate(s) in Economic Sciences was just an hour ago announced to be the economists Abhijit Banerjee, Esther Duflo and Michael Kremer for their work to alleviate global poverty, the official announcement said. Hopefully, this will bring development economics back on the radar of mainstream economics and make the field … Continue reading Nobel Prize in Economics 2019

China and inequality

In many developing countries with a deeply rooted legacy of socialism and egalitarianism, debates about choosing between the policy preferences of economic growth, equality and social justice remain as contentious as ever. Within economics, unanimity is really never meant to be achieved when studying the following questions: What is the optimal tax rate? What is … Continue reading China and inequality