1. Introduction (14.73 The Challenge of World Poverty)
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- Опубликовано: 7 сен 2024
- MIT 14.73 The Challenge of World Poverty, Spring 2011
View the complete course: ocw.mit.edu/14-...
Instructor: Abhijit Banerjee
License: Creative Commons BY-NC-SA
More information at ocw.mit.edu/terms
More courses at ocw.mit.edu
RUclips Recommends This After 6 yrs Bcoz Of Nobel Laureate Abhijeet Banerjee... Congratulations to him...
my challenge to this librandu to change wb first
@@therushi1 One man Can't change anything if everyone won't change... Myself from W.B as well...
I don't think it's because of nobel prize by itself , since he received it , people start searching him on RUclips and obviously few channels upload his recent interviews regarding Nobel prize , so all content related to him started becoming relevant
@@HeisenMannj That's what i have said...
youtube, google, fb, twitters are well know lefties jihadi funded platforms.
wow! I just got taught/attended a class lecture by the Nobel prize winner by just being on my bed & without going to MIT. Thanks youtube!
I was also thinking the same thing! 😂Kudos to RUclips ❤️❤️
অভিনন্দন জানাই অভিজিৎ বিনায়ক বন্দ্যোপাধ্যায় ও এস্থার দুফলো কে।
বাঙালি হিসেবে গর্ববোধ করি এবং একথা ভেবে আনন্দ পাই যে আমিও সেই শহরের বাসিন্দা যেখানে আপনার ভাবনা চিন্তার ভিত্তি তৈরী হয়েছে।
🌹🌹🌹🌹🌹🌹
কিন্তু আমরা আপনার মতো হতে পারবোনা
এটা নিয়ে আমরা দুঃখিত😥
6 years after the video was uploaded , RUclips knows the right time to push suggestions..
It's not actually youtube who has pushed that notification, its the beautiful algorithms which have encountered more than 100million searches with this very particular name, that forces it to push the notification to the peoples who has at least some % relation with any of the tags or creator of this video.
As the searches are so massive about Abhijit, u can find this video suggested to more or less every people who have ever watched some videos on MIT, or about him, or maybe economics. Its the beauty of the algorithms and its creators that we should appreciate. And last of all, congrats to Abhijit Banerjee
@@hirakmondal6174 👍👍👍👍
😆☺️
Nobel Prize :-)
www.edx.org/course/the-challenges-of-global-poverty-5
Abhijit Banerjee's Poor Economics is a refreshing account of aid and development efforts. The key theme is go and understand those you want to help. Design solutions and test them and then replicate what works, and drop what does not work. it is a high effort approach and it works.
It may be new to the general public but these methods have been around in the development sector since the last 50 years
@@TheBandana1969 sure but Banerjee and Duflo are particularly rigorous with how they test everything. They avoid big sweeping claims about the 'main reasons' for poverty and test everything, admitting when the evidence is inconclusive to make a judgement. I found it really refreshing compared to other development books which I feel can get too theoretical and broad and really liked their approach
Thank you sir..... for terming economics as a subjet not only concerned with increasing the individual's knowledge but also proving it to be helpful for the development of the nation as a whole..... thnx for making the uss proud... not only as an economist but as an INDIAN.....
lol never seen this much claimfrom other nationalities. maybe indian are infact sad as people say. they have nothing back in india hence need to depend on foreign nationals who have some blood link to india to feel happy
@@hitnailhalfway2485 cope harder
" Nothing is impossible to the soul , a man can do marvelous work " - Swami Vivekananda , Prof . Abhijit Banerjee did his level best to achieve the goal on his Research work .
How beautiful his lecture is- Like a classic Malayalam movie, starts in a casual lighter way and goes in deeper, centric -
I have attended his live lecture 2 years back in delhi.
Do share your experience.
Where was it??
@@vlogithan8784 he is an Indian, so I think he is tAlking about the capital of India 'Delhi.
Also the Professor is Indian origin he born in India.
@@jaymahakaal5354 ok
Mr. PIYUSH GOYAL SHOULD HAVE WATCHED THIS LECTURE AFTER EARLY MORNING CURRICULUMS
Soumyojit Dey ,👍👍👍👌👌👌👌
he is genius for fools who has on brain at all
Yup
They believe in fake degree.. doesn't understand.
morons economics is not a science. His theories are not guarenteed to work practically. Nobel for Economics is not as great as Nobel for Physics/Chemistry...
I think the answer to the question is this: Poverty is defined as a differential which must change. All historical attempts to eliminate poverty tried to eliminate any differential between human beings. For example which is more valuable an uncut diamond or the knowledge to make a Cubic Zirconia. So we find that the answer is simply knowledge; and to solve poverty, if only for an instant --because everything changes; requires generating a complete spectrum of all knowledge to all human beings simultaneously. Food for thought. The essential equivalent of experiencing a perfect life for some passage of time because the value of a single uncut diamond would never out-value an unlimited supply of Cubic Zirconias.
I am going read his book now, man from India ,a person concerned about poverty.
dude shut the fuck up, stop broadcasting this shit
www.edx.org/course/the-challenges-of-global-poverty-5
lol never seen this much claimfrom other nationalities. maybe indian are infact sad as people say. they have nothing back in india hence need to depend on foreign nationals who have some blood link to india to feel happy
It's a long waiting list at our public libraries for this book now. It's finally getting the attention it deserves from the public. Congratulations.
RUclips Algorithm on work, after 6 years.
I don't know what the removed vids were but to get a gist of both sides arguments
Sachs/jolie: ruclips.net/video/_kv0VdBkkno/видео.html
(Watch first few mins)
Prof Easterly s perspective:
ruclips.net/video/OWRlcYU66ck/видео.html
Majority of ppl who clicked the video knows shit about Ecnomics but still thinks whatever he is saying is something intellectual, brilliant. It is the power of Nobel prize.😊
So you are the champion in economics that you find some criticism on his lecture..right?
@@Torq123 I suppose u didn't get my comment...read it again.
It is an mit lecture bro. It naturally has to be intellectual
@Bobby Knuckles mit also has other courses pls do research and then speak
People who study science don't need to study economics dear, this is like elementary school assignment😂
Thanks youtube for the class of avijit sir. We are proud of him.
Don't know much about Economics. It's pleasure to see him here !!
Pride of Bengal...গর্বিত ❤️
Started today... promise to myself will understand and add values to my insights by going through the whole playlist.
I am a pure engineering student .
And I heard his 34 min economics lecture.
What is impure engineering?
@@victor256in
A person who don't have any knowledge on commerce , economics and business studies.
@@victor256in hahahah🤣🤣🤣
@@victor256in ha ha you are just commenting as a reviewer of a particular journal.
It's a long waiting list at our city public libraries for this book now. It's finally getting the attention it deserves from the public. Congratulations.
poverty can be understood on individual basis rather than as a whole .Poverty as such does not mean absence of money .it can also mean non access to healthcare,Education,drinking water ,sanitation.hence poverty may differ from region to region,country to country as pointed out by Mr Banerjee.its counter intuitive yet can be understood if gone deeper.
Well poverty has solved Mr Banerjee's poverty if any. But if it has solved his poverty of coherent thought is the question
Congrates sir you become nobel laureates
23:00 Poverty line in USA & the world
RUclips algorithm didn't feel recommending me before his nobel prize, now they recommended me after winning nobel prize award! By the way congratulations mr. Abhijeet Banerjee!
The fact this is free. Phenomenal.
Thanx MIT & Mr. Abhijit Banerjee ❤
This lecture strongly recommend those persons who are criticisms @Abhijit binayak Banerjee sir.
One of the Best Minds of Jawaharlal Nehru University 😎😘
congratulations sir for your contribution in world economy
Allan Adams taught Quantum Mechanics just before this class. I see Black-Whites and Hard-Softs on the boards. :p
Haha i also recognized it immediately!
And he is a marvellous teacher!
Congratulations Abhijit Banerjee Sir from your home state.
NOBLE PRIZE 2019...that's all.
#Enjoy Abhijit 🇮🇳
#Enjoy MIT
Congratulations mr Banerjee, for winning the Nobel prize. After watching this video clips i just facinated becaus your working topic is proverty you know sir, what is the real situation of our india and also Bengal... From India.
www.edx.org/course/the-challenges-of-global-poverty-5
lol never seen this much claimfrom other nationalities. maybe indian are infact sad as people say. they have nothing back in india hence need to depend on foreign nationals who have some blood link to india to feel happy
@@hitnailhalfway2485 Yes, you right indeed. Despite having 130 crore population India don't have only bunch of noble prizes. This is what I found on google 'till now 12 Indians have won the Nobel Prize. Out of which 5 are Indian citizens and 7 are NRIs or Indian residents'. So you can see only 5 Indian have won noble till date. That is the reason I hope you have understood. In science first noble was awarded to C.V.Raman in 1930 now 2030 is coming in 11 years and India doesn't have a second noble prize in science. I feel said for this as an Indian.
@@hitnailhalfway2485 Till now 12 Indians have won the Nobel Prize. Out of which 5 are indian citizens and 7 are NRIs or Indian residents. This is the reason. I hope you will understand.
@@hitnailhalfway2485 not some blood. mAte He born in India so 100% blood. And the Professor is from our Bengoli culture born in our state name Bengal and the boy commented are also from same culture so we Indians are connected with eachother and we are proud of what we are. so we'll feel PROUD you taking his lecture.
Congratulations sir for both of you for noble prize
this analogy is very akin to the often used term of "curing cancer". Cancer encompasses a myriad of different diseases with different mechanisms that may have similar outcomes, which all fall under the category of "cancer". To solve cancer as a whole is impossible without first tackling each individual type of cancer. This is extremely complex. Conversely, you can also limit the impact of these diseases without necessarily "curing it", which means we can make people's lives better (talking about poverty now) today even if you haven't eradicated poverty yet
Wonderful to listen to you Abhijit Da...Have been listening about you & following your works since my Kantakol days...
Fabulous job indeed...
Joydeb Bhattacharyya ...
it's the first quantum mechanics class 8.04 on the board
Yeah, Allan Adams!! 😃
Wait is he teaching this class right after an introductory quantum mechanics lecture finished? I love that!!
804 Allan Adams I guess.
Exactly ... I thought the same thing.
Restaurants would continue to provide income as they did before and instead of toothpicks they could get a little sign at the register that says, "You're toothpicks went to fight global poverty, be back soon."
Mr. Clifford please keep your wisdom within yourself. Otherwise you may win nobel Any day.
@Satya Raja Tell your father instead as you are a damn illeterate. Fucking communal beggar.
The students were lucky to listen to a noble prize winner :)
There are many nobel winners in mit
@@tathaYm 80
They frickin pay 200k USD to pay his salary at the first place
Congratulations professor Abhijit Sir..
May the god give you enough energy to propose more polocies to come out of poverty..
A video of 2013 .. now in my timeline ❤
Indian classrooms being modernized
But I am impressed the Ancient , medieval and Modern teaching pedagogy being explored at one of the Top Ranked University of the world
We Indian need to revisit ancient times universities
Please learn from this young , honoured for his exemplary work on Poverty
But we are not coming out of Rich impression
Long live prof A.Banerjee
God bless you
Your concern is outstanding
We need to work. hard
Nobel laureate now! Congrats!
I think the fundamental approach that a lot of people are missing is that they should invert the problem by asking the question; why are we not poor? Then compare this set of assertions to the situation in third world countries and everything will become very clear very quickly
Every nobel laureate does not need to be good at teaching.
That is what i learn from this lecture.😁
Congratulations sir..we hoping for better India better economical future
The question we propose to the profit industry: Every poor child has 199 million marketable units of brain power profit from.
If the profit industry would use these 199 million marketable brain units , will the economic inequality not increase ? The profits would be more and hence it may increase the inequalities at a pragmatic view . What's your view??
I can't imagine this man to be my teacher.I think he is not prepared and pushing hard for words.
It is being there at the right time and right place, writing the right things to please the right people and knowing the right people that get you such prizes. Capability means zilch
aukat hai kya
@@gustofzephyr947 Kiska?
@@TheBandana1969 You got it.
@@TheBandana1969 What crap are you talking bro? You are jealous. Simple reason.
A good help for developed countries is to increase self-existence and increase stability with a career path that is without monopoly, whereas in developing countries, I think, as Amartya Sen said, many capabilities are blocked and hampered because all market and industrial centralization is fully controlled and monopolized and fully centralized by oligarchs and bourgeoisie. So to gain access to break through poverty and develop oneself to become narrower, I think what developing countries need is not one day or two days of assistance which is only a hegemony but rather to get guarantees and improve the standard of living with equal opportunities without being discriminated against by elites who have created centralized economic networks. only a handful of greedy people
Congratulations sir. This video is recommended by RUclips, a little late but worth the wait !
Congratulations Abhijit 👍 you deserve it.
*বাঙালি হিসাবে গর্ব হচ্ছে আজ*
This lecture is example of America is true democracy
Here is the link of the course prof. Abhijit Banerjee and Esther Duflo are teaching on edx (the same course) www.edx.org/course/the-challenges-of-global-poverty-5
Congratulations Sir..for winning the "Prestige".
Congratulations abhijit banerjee and eslo for winning nobel 2019 in economics
Anyone recognized the quantum theory on the black board
How can understand quantum..they are..Economics..student..we physics people can understand..
@@motivationspeechbyacharyac2243 the class might have been used before this class
It was the Introduction of Quantum Mechanics class by Alen Adams
@@Saptarshi.Sarkar Can I get an autograph?
P.S : It's Allan Adams
No Not at all...We Physics people Cant understand Q.theory ...How could they understand??
Well done, Sir. You have made entire South Point Family immensely proud.
Or the reverse what is the smallest modern convenience we can give up to solve poverty. Toothpicks for example. If we directed all resources used to make toothpicks how much poverty would be eliminated. And wok from there.
There is no question Mr. Banerjee is a good economist and good thinker and working on one of the most important problems in the world. However, he is a very poor lecturer and I pity the students who have to face him regularly. I would rather read his wonderful book than go through this.
You should listen to his lecture rather than judging him on his teaching skills,
I am very skeptical of all this . Most of it uses very circumspect data. China lifted a BILLION people out of poverty very fast. So did Korea. They did not need any western poverty economics, no Nobels were given to any Chinese or Korea for removing poverty from their nations, and these nations rose without western aide and charity and NGOs etc. In fact they rose when they gave up leftist crap, and went full on free market capitalist and allowed full free enterprise and ease of doing business, and they stopped doing poverty politics and poverty economics.
That is because most of his work has been based on experimental approaches and to be honest that is the most practical way to conclude and decide. Even in his lecture if you see around 11:00 he is experimenting on students for donations. To be great at lecturing is really about reading a lots of theories and make others understand which is different from experimental approach. There aren't many classes even in TOP institutes which covers everything on experimental basis. So to conclude its good that he is not a great lecturer because that's not the core part of his job it seems.
Everyone in India consider himself as a master of Knowledge now a days. As if he may win nobel in any day on any subject if he wish.
@@bidyutkumarchaudhuri2693
Irrelevant. Just focus on the logics, which are clear. Nobel is often given to IDIOTS or deceivers who are then used to further western interests and fool Everyone , who are generally IDIOTS.
(I am not everyone) . I am a thinker and a rationalist, working out logics is my speciality. So when the logics are missing or are wrong, I can ignore Nobel or other prize, or other irrelevant things like degrees and glorious colleges oxford harvard or looks like a white haired professor etc etc.
Point is west used such gimmicks as Nobel in poverty economics and fake data statistics to fool india ns south Asians (as you guys are easily fooled by such things, while you are not used to thinking with logics and critical reasoning. So if someone has been given Nobel by the west, you will think he must be right.
China under Deng Xiaoping lifted 1000,000,000 people out of poverty very fast and efficiently, but no Nobel for Deng Xiaoping or any other Chinese! Because they did it the right way, and they blocked all western poverty economics and poverty politics. They did economic reforms like GST and ease of doing business and lowering corporate tax and labor reforms (hire and fire) and quick land and power availability as well as better transport freight infrastructure to SEZs for business and manufacturing, at a time when their people did not have proper power supply or transport or even land rights.
Yes I am an expert, as I have common sense and an active brain, I am not a follower but a thinker. I think for myself, and I am an expert at ignoring shiny prizes and degrees and fake data.
Congratulations Abhijeet Banerjee ji
You can see on the chalkboard that this was in the same lecture hall as the first Intro Quantum Physics lecture.
Noble Lauret Abhishek Banerjee. Great to watch directly delivering lecture.
Here are the two videos he is talking about in the video:
ruclips.net/video/uUHf_kOUM74/видео.html
ruclips.net/video/vzy8dafM89E/видео.html
thank you, Phil!
Congratulations on the achievement. Thank you.
Great to see you , sir...
Pride of India
When any person in news. the earlier video seen at home page. Thanks sir. After6 year😊😊😊
Videos referred to in this lecture Jolie and Sachs for aid ruclips.net/video/uUHf_kOUM74/видео.html
Against aid
ruclips.net/video/vzy8dafM89E/видео.html
Thanks 😊
Angelina Jolie video part 1: ruclips.net/video/uUHf_kOUM74/видео.html
Bill Easterly video: ruclips.net/video/vzy8dafM89E/видео.html
Thanks
RUclips is clever, recommended this Video,after wining Nobel
Great lecture series. Thank you so much for sharing
Feeling proud to be a Bengalian.
Indians..like here😊😊😊
Noble Prize Winner 😇😇😇😇
Is poverty genetic or psychological? Is it social/communal or individual? Some people have an innate desire for problem solving. Others like to create problems. For some death is not a problem or even education others it is the only problem. If a rich guy goes to live in the wilderness to commune with nature, or those that oppose vaccines are not considered poor but a group of people living in basic state of nature are considered poor. With the exception of food arguments for what the best living standards encompasses no single path. Well articulated lecture thought provoking and gripping.
Onek somridhdho holam
The chalkboard in the background suggests that Allan Adams taught 8.04 just before this was recorded.
Congratulations Mr. Abhijit sir for great honour......
i wanna see the discussion part of the lecture so bad
This Abhijit dude is living his dream.
Teaching at splendid school, with his wife : Esther Duflo; and earns ultimate recognition as Nobel Laureate, with his wife.
Share us some of your secrets, shan't you?!
Tarzan Ya better start saving up huge sums of money so that when that Greta kid got nominated for Peace Nobel Prize, you wont be struck by massive heart attack!
And NO! I aint those proponents of hers
Great lecture series
Congratulations Nobel Laureate!
looks like class is just after the allan adams class of quantum mechanics 8.03
I like Bill Gates and what he said about it not being about the GDP but the quality of life and survival. People must also remember that the lack of rise in GDP per capita also has something to do with huge population growth, which probably comes as a cause of food production development, urbanization and health care development.
Aaron Swartz
Thank you and thanks for the great content!
Wow after six years👍
noble prize winner..............love u from kolkata
OMG HI. Podcast by George Lopez. Life experience of being poor is universal experience which we can all relate.
OH..... The world poverty issue already lasts my half life. As I grow older and I understand there MUST HAVE some poor and rich countries in the world.
They will NEVER level up to each other in every aspect at any point on the time line.
The poor refugees fled to the rich developed country; again still living in the poverty lifestyle with not much in the invisible fortune and color changed.
So LET THEM BE and ACCEPT IT-- this is the life.
Congratulations sir,,
Hi I too from the Kolkata, #pride to us #nobel prize. #Abhijeet Banerjee 😘😘😘™️
Yeah Abhijeet Sir 😍
Congratulations sir.
You rightly deserve the most coveted honour. Congratulations.
Abhijeet Banerjee, Arvind Subramanian, Esther Duflo, Raghuram Rajan, Arvind Subramanian, Jean Dreze, S Narayan were working against India's interest and growth, thats the reason we and our Bjp government had stopped them working for our government and appointed new persons like rakesh jhunjhunwala like stock market experts and Nirmala Sitaraman as a economic experts team. We have Modi, who needs financial experts.... lol