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(00:00) - Intro
(02:55) - Why Are Only the Rich Getting Richer in India?
(08:51) - Middle-Class Indians' Salary Range
(13:27) - Should We Replace Humans Because of AI?
(18:30) - India: 6th Largest Economy but Still Poor
(25:33) - What Is an RCT?
(29:37) - What Is Economics?
(32:14) - Understanding the Indian Economy Using a Pressure Cooker
(39:56) - How Are Guava, Anemia & Economics Related?
(43:35) - What Is the Poverty Trap Curve?
(50:43) - Why Does He Think Giving Freebies to Poor People Is Good?
(59:19) - Why Don't Many Rich People Give to Charity?
(1:02:15) - Why Do People Say Freebie Politics Is Ruining the Country?
(1:07:57) - Why Does He Think Tax Havens Should Be Banned?
(1:17:37) - Is a Closed Economy Good for Growth?
(1:19:27) - Why Is India Poorer Than Japan Despite Almost the Same GDP?
(1:22:56) - Why Did He Write the Paper "Marry for What"?
(1:25:48) - Is Universal Basic Income the Future?
(1:29:09) - Why Is There Inequality Even in Jails?
(1:30:59) - Why Doesn't He Take GDP Seriously?
(1:34:39) - BTS
(1:35:23) - Outro
In today's episode, we sit down with Abhijit Banerjee, Nobel Laureate & Author, Economist & Co-Founder - JPAL to break down everything Indians get wrong about poverty, inequality, and the future of work.
He also explains his Kenya experiment where a 2-year lumpsum beat 12 years of monthly transfers, the 17-year West Bengal study that showed one free cow made women 40% richer, the 140-study metaanalysis proving freebies make people work MORE not less, and why even a Nobel Laureate calls his own success "mostly luck."
A complete masterclass on how the economy actually works from the man who built the world's most rigorous method for studying it.
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About Raj Shamani
Raj Shamani is an Entrepreneur at heart that explains his expertise in Business Content Creation & Public Speaking. He has delivered 200+ speeches in 26+ countries. Besides that, Raj is also an Angel Investor interested in crazy minds who are creating a sensation in the Fintech, FMCG, & passion economy space.
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About Figuring Out
Figuring Out Podcast is a Candid Conversations University where Raj Shamani brings raw conversations with the Top 1% in India.