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Posts by Abhijit Banerjee

The economic and political consequences of India's demonetisation

The ruling party at the centre won the Uttar Pradesh state election despite its demonetisation policy having some negative economic impacts on the Indian economy. By combining primary data from survey...

Promoting excellence in higher education in India

Over the years, the entire system of higher education in India has relentlessly bled talent. In this article, Abhijit Banerjee, Professor of Economics at MIT, discusses why this is so, and what can be...

On India's latest GDP numbers

India’s latest GDP data shows that the economy grew at 7% in the previous quarter, despite demonetisation. In this article, Abhijit Banerjee discusses why the new numbers are likely to be an overest...

Universal basic income: The best way to welfare

Abhijit Banerjee, Professor of Economics at MIT, suggests replacing welfare schemes of the government by a single universal basic income, which entitles every adult resident to a minimum weekly incom...

Intimidation, imitation, economics: Why youth are taking to terror

Men between the ages of 18 and 35 become terrorists, and it is the same demographic that supplies drug dealers, violent criminals, and foot soldiers of political parties. Abhijit Banerjee, Professor ...

Breaking the silence on growing intolerance

Recent violent incidents in the country indicate a growing intolerance towards those whom we disagree with, as well as an unwillingness of politicians to defend the rights of people to speak and live...

The need for police reform

The police in India are still mainly governed by the Police Act of 1861. In this article, Abhijit Banerjee, Professor of Economics at MIT, emphasises the need for police reform in order to check misu...

What's the plan for MNREGA?

The new government’s plans to scale back MNREGA have elicited a mixed response. In this article, Abhijit Banerjee contends that both supporters and critics, and indeed the entire nation, deserve to ...

The new plan body must have a certain oomph

PM Modi has announced that his government plans to scrap the six-decade old Planning Commission and replace it with a more contemporary think tank. In this article, Abhijit Banerjee outlines the vari...

The Chit fund crisis: Should not put all financial intermediaries in the same bracket

The government has announced a bailout package for the participants of unregulated saving schemes that have been put at risk by the current Chit fund crisis in West Bengal. In this article, Banerjee ...

Enhancing Local Public Service Delivery: Experimental Evidence on the National Rural Employment Guarantee Scheme in Bihar

The Mahatma Gandhi National Rural Employment Guarantee Scheme (MNREGA) is among the largest social protection programmes in the world.

Public goods, location choice and the voting decisions of the urban poor

India is currently under-urbanised relative to its income level, leading to widespread expectations of large-scale rural-to-urban migration in coming years.