Displaced workers need more than what economists are suggesting

Nobel laureates Esther Duflo and Abhijit Banerjee recently penned a compelling critique of some basic assumptions in the field of economics. They argue that financial incentives often fail to deliver on the promises of fairness and efficiency, because people do not respond to them in ways that mainstream economics predicts. Ultimately, they argue, people care … Continue reading Displaced workers need more than what economists are suggesting