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

<p>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. </p><p>We speak about welfare, the effect of globalism on American industries like manufacturing, and the social consequences of having whole industries die ou...