The Development Programme fosters theoretical and empirical research into the design, impact and determinants of public policy and organisational change. Key fields include development economics, political economy and public economics. There is strong interest within the group in identifying policies and developing institutions capable both of reducing poverty and enhancing growth.
Pillars of Prosperity
Using the tools of modern political economics and combining economic theory with a bird's-eye view of the data (now updated for 2021), Timothy Besley and Torsten Persson reinterpret Adam Smith's pillars of prosperity to explain the existence of development clusters--places that tend to combine effective state institutions, the absence of political violence, and high per-capita incomes. Read more...
Why do people stay poor?
The LSE's Research for the World feature on findings by Balboni, Bandiera, Burgess, Ghatak and Heil showing evidence that people living in poverty in rural Bangladesh remain poor not because they lack talent or ability, but rather because they are stuck in a low-opportunity poverty trap.
Maitreesh Ghatak (@maitreesh) is Professor of Economics at the London School of Economics, and a Fellow of the British Academy. He is Co-Editor of Economica, having formerly served as the Editor-in Chief of the Journal of Development Economics, Managing Editor of the Review of Economic Studies, and Co-Editor of the Economics of Transition. He is the Director of the Development Economics research programme at STICERD. Read more...