Planet Money

The town that changed economics


Listen Later

In the early 90s, when a young economist named Michael Kremer finished his PhD, there had been a few economic studies based on randomized trials. But they were rare. In part because randomized trials – in which you recruit two statistically identical groups, choose one of them to get a treatment, and then compare what happens to each group – are expensive, and they take a lot of time.

But then, by chance, Michael had the opportunity to run a randomized trial in Busia, Kenya. He helped a nonprofit test whether the aid they were giving to local schools helped the students. That study paved the way for more randomized trials, and for other economists to use the method.

On today's show, how Busia, Kenya, became the place where economists pioneered a more scientific way to study huge problems, from contaminated water to low graduation rates, to HIV transmission. And how that research changed government programs and aid efforts around the world.

This episode was produced by James Sneed with help from Willa Rubin. It was engineered by James Willetts. It was fact-checked by Sierra Juarez and Emma Peaslee. It was edited by Molly Messick. Jess Jiang is our acting executive producer.

Help support Planet Money and get bonus episodes by subscribing to Planet Money+
in Apple Podcasts or at plus.npr.org/planetmoney.

Learn more about sponsor message choices: podcastchoices.com/adchoices

NPR Privacy Policy
...more
View all episodesView all episodes
Download on the App Store

Planet MoneyBy NPR

  • 4.6
  • 4.6
  • 4.6
  • 4.6
  • 4.6

4.6

29,578 ratings


More shows like Planet Money

View all
This American Life by This American Life

This American Life

90,955 Listeners

Radiolab by WNYC Studios

Radiolab

44,008 Listeners

Freakonomics Radio by Freakonomics Radio + Stitcher

Freakonomics Radio

32,317 Listeners

Hidden Brain by Hidden Brain, Shankar Vedantam

Hidden Brain

43,730 Listeners

The NPR Politics Podcast by NPR

The NPR Politics Podcast

25,927 Listeners

Marketplace by Marketplace

Marketplace

8,782 Listeners

Marketplace Morning Report by Marketplace

Marketplace Morning Report

935 Listeners

The Daily by The New York Times

The Daily

113,004 Listeners

Up First from NPR by NPR

Up First from NPR

56,983 Listeners

The Indicator from Planet Money by NPR

The Indicator from Planet Money

9,576 Listeners

Throughline by NPR

Throughline

16,436 Listeners

Short Wave by NPR

Short Wave

6,569 Listeners

Consider This from NPR by NPR

Consider This from NPR

6,452 Listeners

People I (Mostly) Admire by Freakonomics Radio + Stitcher

People I (Mostly) Admire

2,063 Listeners

Planet Money Summer School by NPR

Planet Money Summer School

184 Listeners

The Economics of Everyday Things by Freakonomics Network & Zachary Crockett

The Economics of Everyday Things

1,680 Listeners

Planet Money: We Invested in Gold by NPR

Planet Money: We Invested in Gold

2 Listeners

Planet Money: We Set Up a Shell Company by NPR

Planet Money: We Set Up a Shell Company

8 Listeners

Planet Money: We Bought a Toxic Asset by NPR

Planet Money: We Bought a Toxic Asset

2 Listeners