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Economics | Hand of Reason

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Social Experiments to Fight Poverty – Esther Duflo

Esther Duflo is a French economist and professor at the Massachusetts Institute of Technology. Specializing in development economics, Duflo focuses on the causes of poverty, as well as practical and effective solutions to eradicate it. In her most recent TED Talk, Duflo questions the impact of aid. While it is unlikely that we will ever […]

The Value of Nothing – Raj Patel

Having obtained degrees from Oxford, the London School of Economics, and Cornell University, Raj Patel explores the fundamental dilemma of market-based economies. Because prices do not accurately reflect the value of commodities due to their extensive externalities (Patel explains that a more appropriate price for an average hamburger would be $200 if these externalities were […]