Michael Kremer, Gautam Rao and Frank Schilbach
Behavioral Development Economics
MIT Economics, 2019
Behavioral economics may provide insightful ways in which to better understand developing economies.
In October 2019, Harvard professor Michael Kremer, along with economists Abhijit Banerjee and Esther Duflo, won the Nobel Memorial Prize in Economic Sciences for their groundbreaking work on global poverty. For Kremer, this award acknowledges his efforts at understanding issues in developing markets through the lens of behavioral economics. In this comprehensive report, Kremer and co-authors Gautam Rao and Frank Schilbach explore “behavioral development economics,” a hybrid of human psychology and economics. Academics and policy experts will find this an insightful contribution to the field of development economics.
About the Authors
Michael Kremer is an economics professor at Harvard University, where Gautam Rao is an associate professor of economics. Frank Schilbach is an economics professor at MIT.
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