“The technocratic illusion is that poverty results from a shortage of expertise, whereas poverty is really about a shortage of rights. The emphasis on the problem of expertise makes the problem of rights worse. The technical problems of the poor… — William Easterly Copy Share Image
Remember, aid cannot achieve the end of poverty. Only homegrown development base on the dynamism of individuals and firms in free markets can do… — William Easterly Copy Share Image
“... money should not be spent according to what the West considers the most dramatic kind of suffering.” — William Easterly Copy Share Image
There was no Marshall Plan for Harry Potter, no International Financing Facility for books about underage wizards. It is heartbreaking that global society has… — William Easterly Copy Share Image
To escape the cycle of tragedy, we (searchers) have to be tough on the ideas of the planners, even while we salute their goodwill. — William Easterly Copy Share Image
We need a revolution in development thinking and practice. Foreign aid, debt relief, family planning, democracy, education, and free markets have not succeeded. — William Easterly Copy Share Image
“Some people believe labor-saving technological change is bad for the workers because it throws them out of work. This is the Luddite fallacy, one… — William Easterly Copy Share Image
If there is one number to which the rights of millions will be happily sacrificed, it is the national GDP growth rate. — William Easterly Copy Share Image
Economists did something even better than predict the crisis. We correctly predicted that we would not be able to predict it. — William Easterly Copy Share Image
Peter Montiel has long set the highest standard for lucid textbooks on the macroeconomics of developing countries. Now in this new edition of his… — William Easterly Copy Share Image
“The technocratic illusion is that poverty results from a shortage of expertise, whereas poverty is really about a shortage of rights. The emphasis on… — William Easterly Copy Share Image
“Any factor that breeds polarization will worsen policy, and thus cause lower growth.” — William Easterly Copy Share Image
“Almost three billion people live on less than two dollars a day, adjusted for purchasing power.5 Eight hundred and forty million people in the… — William Easterly Copy Share Image
