Economics 102 with Prof Abhijit Banerjee [S2 Ep.31]

My guest today is Professor Abhijit Banerjee. Professor Banerjee is a Nobel Prize-winning economist, an econ professor at MIT, and a co-founder of the Abdul Latif Jameel Poverty Action Lab. Banerjee and I discussed the difference between empirical work and theoretical work in economics. We talk about Banerjee's Nobel Prize-winning research on alleviating global poverty. We talk about whether immigrants drive down wages for native workers, the role of financial incentives and driving human behavior. 

We speak about welfare, the effect of globalism on American industries like manufacturing, and the social consequences of having whole industries die out, and much more.

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