Esther Duflo: “The poor are the biggest losers in the crisis”


Economists don’t just argue over numbers, they also get ripped apart over letters. So, about the economic consequences of the Covid, some predicted a V-shaped recovery – a sharp fall followed by a booming recovery -, while others relied instead on an L – a collapse followed by a long period of stagnation. From now on, many of them agree on a curve in K: with the abrupt fall of the first times (“|”) follows a formidable recovery for some (“/”) and a tumble for others (“ ”). Clearly, (big) winners and (big) losers. A few figures are enough to take the measure: if some 8 million French people now benefit from food aid, against 5.5 million in normal times, the fortunes of the 43 French billionaires, it has increased by 2% in 2020. unequal machine of which Esther Duflo, the French Nobel Prize winner in economics, is alarmed – thus the nickname of the “Bank of Sweden prize in economics in memory of Alfred Nobel”, the only prize managed by the Nobel Foundation which was not created by the testament of the Swedish industrialist – a great specialist in issues of development, poverty and inequalities.

Who are those who are suffering the most from the consequences of the pandemic?

We can clearly see the losers. Mortality is not at all the same in different social groups. In the United States, for example, there are 1.4 times p

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