🎧 Esther Duflo

Episode summary: David and Helen talk to Nobel Prize-winning economist (the youngest ever!) Esther Duflo about how to do economics better. From investing in left-behind places to helping people adapt to change, we discuss good and bad economic ideas about some of the biggest challenges we face, and how it all connects back to politics. Plus we talk about what some of the world’s richest countries can learn from some of the poorest. Esther’s new book, with Abhijit Bannerjee, is Good Economics for Hard Times https://bit.ly/33q6uOm Talking Points: Why do economists believe “Invest in People not Places?” And why are they wrong? - The idea is that it’s better to target interventions at individual people than places, in part because people will move. - But research shows that people are remarkably sticky. They don’t really move. - Even faced with really high costs, and the complete freedom to move to another place, people don’t. During the Greek financial crisis, very few people left. - Mobility is easier at younger ages. Why do…