by Big Data ‘solutions’ to poverty Chetty’s pitch to the nation is that our problems have technocratic solutions, but at times I sense that he is avoiding an argument … Poor people would be better off if their children had better prospects, but also if they had more money—if the fruits of our society were shared more broadly. “I can take money from you and give it to me, and maybe that is good and maybe it is not,” he said. “I feel like there are a lot of people working on redistribution, and it is hard to figure out the right answer there” … Chetty believes there is more progress to be made through a moral framing that is less partisan. “There are so many kids out there who could be doing so many great things, both for themselves and for the world,” he
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Lars Pålsson Syll considers the following as important: Economics
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Big Data ‘solutions’ to poverty
Chetty’s pitch to the nation is that our problems have technocratic solutions, but at times I sense that he is avoiding an argument … Poor people would be better off if their children had better prospects, but also if they had more money—if the fruits of our society were shared more broadly. “I can take money from you and give it to me, and maybe that is good and maybe it is not,” he said. “I feel like there are a lot of people working on redistribution, and it is hard to figure out the right answer there” …
Chetty believes there is more progress to be made through a moral framing that is less partisan. “There are so many kids out there who could be doing so many great things, both for themselves and for the world,” he said.
Yours truly is sure Raj Chetty will get the ‘Nobel prize’ in economics. I mean, arguing with tons of data that you basically solve the poverty problem by getting people to move into other and more prosperous neighbourhoods is indeed such a great scientific achievement …