eclectic, pragmatic, enthusiastic
opencontent My mom used to say, “I don’t think you could stand on the corner and hand out twenty dollar bills without making people angry.” There are multiple ways of viewing everything, but this isn’t the way I would have seen this development: Developing countries are rapidly increasing the number and quality of college graduates, generating … Read more
The Elusive Quest for Growth My rating: 4 out of 5 Easterly argues that for all the money, theorizing, and research that have been poured into the effort to raise the standard of living in developing areas, little progress has been made because everyone ignores the first principle of economics: people act in response to … Read more
Easterly argues that for all the money, theorizing, and research that have been poured into the effort to raise the standard of living in developing areas, little progress has been made because everyone ignores the first principle of economics: people act in response to incentives. If we wish to take education into the developing world, what are the incentives to which we expect potential learners will respond? A fun read, full of great quotes like “The prime suspect for mucking up incentives is government” (217).