How this year’s winners of the Nobel Prize in Economics influenced GiveWell’s work
On Monday, the Royal Swedish Academy of Sciences announced that the development economists Abhijit Banerjee, Esther Duflo, and Michael Kremer are this year’s recipients of the Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel.
Banerjee, Duflo, and Kremer’s work to understand the global poor has influenced our research in myriad ways over the years. Some GiveWell staff cite Banerjee and Duflo’s 2011 book, Poor Economics, as a catalyst for their interest in working in global health and poverty alleviation. All three development economists have contributed to our understanding and prioritization of programs, including microfinance, education, and treating intestinal parasites.
The research of Michael Kremer and his co-author Ted Miguel has been especially critical in shaping our annual recommendations of outstanding charities and thus has guided the donations of many donors who rely on our work. Miguel and Kremer’s 2004 study on the impacts of treating intestinal parasites (deworming) and follow-ups to that work are the reason that we have included deworming programs on our very short list of top charities each year since 2011.
