When you compare individuals, rather than countries, you find that education improves both income and the quality of life.

The poverty line in the U.S., for example, has nothing to do with the poverty line in India. It is a relative poverty line. It is reset from time to time but it is related to U.S. median income, so if I set that to be the absolute poverty line everyone in India would essentially be poor.

It is absolute poverty that you could end, but I think relative poverty is a whole other issue.

Abhijit Banerjee Quotes