Abhijit Banerjee Quotes
Well-designed subsidies help the poor make the best of whatever opportunities they have; poorly designed ones either do very little or actually make things worse for them.
Banerjee, Abhijit V., and Esther Duflo. Good Economics for Hard Times. PublicAffairs, 2019.
This quotation is significant in that it tells us the methods of coping with poverty—the early American form of a social safety net.
Abhijit Vinayak Banerjee is an Indian-born American economist who is currently the Ford Foundation International Professor of Economics at Massachusetts Institute of Technology. Banerjee shared the 2019 Nobel Memorial Prize in Economic Sciences with Esther Duflo and Michael Kremer "for their experimental approach to alleviating global poverty". He and Esther Duflo, who are married, are the sixth married couple to jointly win a Nobel Prize.