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Tag Archives: Esther Duflo

What if NCAA Basketball Tournament Teams were coached by Development Economists?

Tomorrow night is the next round of March Madness, the annual NCAA tournament that started off with 64 college basketball teams, now reduced to the “Sweet Sixteen” .

It is not widely known that some lower seeded teams in the tournament, who had to play much better teams, desperately sought advice from leading Development Economists.

A Columbia Professor said we already know the successful ingredients for a championship, just get lots of funding for the…

Posted in Aid debates, Satire and parodies | Also tagged , , , , , , 17 Comments

The Counter-Revolution of Development Economics: Hayek vs. Duflo

This post is by Adam Martin, a post-doctoral fellow at DRI.

F.A. Hayek, well known as a critic of central planning, also criticized what he called “scientism,” a blind commitment to the methods of the physical sciences beyond their realm of applicability. In The Counter-Revolution of Science, Hayek opposed to “scientism” the genuine spirit of scientific inquiry.

Esther Duflo’s emphasis on small-scale experimentation has affinity with Hayek’s critique of grand schemes of central planning. As…

Posted in Aid policies and approaches, Metrics and evaluation | Also tagged , , , 24 Comments