Posted on 10/14/2019 3:47:08 AM PDT by C19fan
Economists Abhijit Banerjee, Esther Duflo and Michael Kremer won the 2019 Nobel Economics Prize for creating an experimental approach to alleviating global poverty, the Royal Swedish Academy of Sciences said on Monday. “This year’s Laureates have introduced a new approach to obtaining reliable answers about the best ways to fight global poverty,” the academy said in statement.
(Excerpt) Read more at cnbc.com ...
Now a brush with greatness. I had Banerjee as a professor for a few weeks in grad school. As usual with my grad school experience, Banerjee considered teaching a hassle. He ended up not getting tenure at the school I was attending but he ended up on his feet. The faculty who gave him the heave ho ended up with egg on their face.
Is it through getting rid of tyrants, despots, dictators, Communist/Socialist regimes and corrupt politicians?
Now I'll go read the article. Forewarning: I expect to be highly disappointed in their solution.
Grumpy Cat Greta is dismayed she didn’t win this Prize too.
>>“This year’s Laureates have introduced a new approach to obtaining reliable answers about the best ways to fight global poverty,” the academy said in statement.<<
__________
“reliable answers” = “reliably globalist answers”
democratic socialist Burnie and economics major AOC dismayed neither are at least runner-ups.
Yep, highly disappointing.
Well, if he wasn’t there to teach, what the heck was doing? It’s not like he he needed to scam the use of a lab on someone else’s nickel.
creating an experimental approach to alleviating global poverty
They left out unicorns and fairy dust. where does Obama fit in all of this he’s a Nobel peace prize winner for also a promise that was never realized
Meanwhile, Trump is teaching the planet about real world economics and the inhabitants of ivory towers all over the planet are refusing to learn.
“This year’s Laureates have introduced a new approach to obtaining reliable answers about the best ways to fight global poverty,”
Probably new ways to redistribute your money. When poverty is defined as a fraction of a statistical income distribution, such as everybody in the lowest 20% of the income distribution, you’re always going to have 20% poverty level, by definition.
What Trump is actually doing is showing that the nattering nabobs of global ethics and do-gooding are actually as corrupt as hell. They are all in it doing no good while do gooding on the taxpayer dollar. Every time someone opens his yap about Trump this or that, we need to investigate how he is on the take too.
Did they actually win a Nobel Prize for suggesting that big problems can best be solved by chunking them up into smaller, easier problems?
Because … that idea has been around for awhile.
Why didn’t Bono win the Nobel Economic Prize?
“Aid is just a stop-gap. Commerce—entrepreneurial capitalism—takes more people out of poverty than aid.”
Not too far off Obama winning for his campaign promises.
“I had Banerjee as a professor for a few weeks in grad school. As usual with my grad school experience, Banerjee considered teaching a hassle. He ended up not getting tenure at the school I was attending but he ended up on his feet. The faculty who gave him the heave ho ended up with egg on their face.”
Was this at Princeton?
The solution is private property rights, a free market, capitalism, and a government that will protect them.
Paul Krugman got a Nobel Prize for Economics. Ranks right down with Obama getting the Peace Prize.
I await my Nobel Prize for Economics.
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