For more than a century, UChicago scholars’ groundbreaking theories have redefined the field of economics—from Milton Friedman’s ideas on monetary policy and Gary Becker’s theory of human capital to ...

The core of Abhijit Banerjee and Esther Duflo’s new book, Poor Economics, can be summed up by a single sentence in the foreword: “[W]e have to abandon the habit of reducing the poor to cartoon ...