Abhijit Banerjee Quotes
If PM-Kisan is implemented well, it will leave some money in the hands of poor farmers.
Banerjee, Abhijit. Interview. The Economic Times, Bennett, Coleman & Co., 2019.
The House had been debating an agricultural subsidy bill. Family farmers had in certain years not been able to sell their produce for the cost of growing it and subsidies made up the difference. But in this particular year, farm prices were very high and the agricultural subsidies were “welfare for the rich.” Farmers who earned over a million dollars in a great agricultural year would get “subsidies.” Typically members of Congress were either opposed to agricultural subsidies or opposed. Congressman Kind had a more nuanced view.
What makes this a noteworthy political quotation is that when he made the statement, his party had lurched to the radical right and almost no one else in the Republican party would publicly say that the Federal Government had any legitimate role that involved social services, food distribution, welfare or health care. Also the Republican Presidential candidate the day before had been discovered writing off the poorest 43 percent of the country. Heller however, was up for reelection in a state what was hit much harder than most in the Great Recession and without Federal Assistance many state residents would be in terrible circumstances and Heller would not fare well in the election if he took the then required Republican ideology. Also, Heller came from a blue collar family and had a much different outlook than most Republicans of that particular time.
Abhijit Vinayak Banerjee is an Indian-born American economist who is currently the Ford Foundation International Professor of Economics at Massachusetts Institute of Technology. Banerjee shared the 2019 Nobel Memorial Prize in Economic Sciences with Esther Duflo and Michael Kremer "for their experimental approach to alleviating global poverty". He and Esther Duflo, who are married, are the sixth married couple to jointly win a Nobel Prize.