Peter Montiel has long set the highest standard for lucid textbooks on the macroeconomics of developing countries. Now in this new edition of his superb classic Macroeconomics in Emerging Markets, he has surpassed even himself. He uniquely fills the gap… — 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
