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by William Easterly, former World Bank Employee
Has anyone read this book? Its amazing. It details all the policy mistakes made by development economists in the last 50 years. And im not talking about loans that failed. This guy attacks the very fundamentals behind the economics preached by those who came before him, things like subsidizing condoms to control populations (population growth = bad), using aid to cover the investment gap between savings and investment, and the failure of education to provide economic benefits to the people of the third world. The author used to work at the world bank, and shows us, fundamental by fundamental, how they got it all wrong.
Has anyone read this book? Its amazing. It details all the policy mistakes made by development economists in the last 50 years. And im not talking about loans that failed. This guy attacks the very fundamentals behind the economics preached by those who came before him, things like subsidizing condoms to control populations (population growth = bad), using aid to cover the investment gap between savings and investment, and the failure of education to provide economic benefits to the people of the third world. The author used to work at the world bank, and shows us, fundamental by fundamental, how they got it all wrong.