Esther Duflo,
an MIT economist and a co-founder of Jameel Poverty Action Lab, is passionate
about eliminating poverty in the developing world. She is best known for her work where she
applies randomized control trials (RCTs) to economic and development
problems. Click here for a crash course
on RCTs. Alternatively, you can watch
the 20-minute video below. Angus
Deaton’s critique of RCTs is available here.
According to Robert Shiller , speaking at Davos, Bitcoin is a perfect example of a bubble - story here . Shiller sees Bitcoin as a backwards step in the evolution of money. George Selgin , a free banker, takes an opposing view - click here . Although he doesn't believe that Bitcoin is money, he sees its development as a fascinating turn in the evolution of money. In particular, he lauds the fact that Bitcoin production is constrained and cannot be infinite. There is a short video below where Bitcoin explain how it works.