I am thinking of starting a contest.
To the first three people who sign up to follow my blog I will send one of my used T-shirts, shipping and handling included. Or how about this: to the first three people who sign up I won’t send T-shirts, but will send the approximately $10 it would have cost to ship them.
Which would you prefer?
Before answering you should know that foreign aid programs are often designed as in-kind transfers: they send the T-shirts, not the money. In fact, in some cases quite literally the T-shirts.
Continue reading “Foreign aid: forget the T-shirts, just give them the money”
Ester Duflo is a smart women.
She has a PhD from MIT where she has taught development economics since her graduation in 1999. She holds a chair in the Department of Economics there, edits an influential economics journal, has published too many articles to count, won major prizes and awards—including a MacArthur Foundation Fellowship that is nicknamed the ‘genius’ award—and has authored or co-authored four books with the most recent released earlier this year called Poor Economics: A Radical Rethinking of the way to Fight Global Poverty.
And to just what does this 38-year-old aspire? … She wants to be a good plumber!
Continue reading “Economics is about being a good plumber”