Abhijit V. Banerjee and Esther Duflo
To solve our biggest global challenges, we must rethink our basic assumptions about human nature, economics, and human dignity. Relying on outdated models will only deepen inequality and suffering.
Relying solely on theoretical economic models often fails because human beings value community and stability over simple financial incentives.
Unrestricted global trade and automation have disproportionately harmed vulnerable workers, requiring strong social interventions to protect human dignity.
Aid programs are most effective when they use narratives of community empowerment rather than highlighting the deficits of the poor.