Planet Money

Planet Money

The town that changed economics

June 9, 202325 min

0:0024:43

About this episode

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

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Planet Money

Wanna see a trick? Give us any topic and we can tie it back to the economy. At Planet Money, we explore the forces that shape our lives and bring you along for the ride.

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