Quotes by William Easterly

"When you are in a hole, the top priority is to stop digging."
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"Remember, aid cannot achieve the end of poverty. Only homegrown development base on the dynamism of individuals and firms in free markets can do that."
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"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 (and the absence of technical solutions for those problems) are a symptom of poverty, not a cause of poverty. This book argues that the cause of poverty is the absence of political and economic rights, the absence of a free political and economic system that would find the technical solutions to the poor’s problems. The dictator whom the experts expect will accomplish the technical fixes to technical problems is not the solution; he is the problem."
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"... money should not be spent according to what the West considers the most dramatic kind of suffering."
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"Any factor that breeds polarization will worsen policy, and thus cause lower growth."
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Books by William Easterly

William Easterly
  • William Easterly

  • Date of birth: January 01, 1957
  • Born: in The United States.

  • Description: William Easterly is Professor of
    Economics at New York University, joint with Africa House, and Co-Director of NYU's Development Research Institute. He is editor of Aid Watch blog, Associate of the National Bureau of Economic Research and Co-Editor of the Journal of Development Economics. He is the author of The White Man’s Burden: How the West’s Efforts to Aid the Rest Have Done So Much Ill and So Little Good (Penguin, 2006), The Elusive Quest for Growth: Economists' Adventures and Misadventures in the Tropics (MIT, 2001), 3 other co-edited books, and 59 articles in refereed economics journals. William Easterly received his Ph.D. in Economics at MIT. He was born in West Virginia and is the 8th most famous native of Bowling Green, Ohio, where he grew up. He spent sixteen years as a Research Economist at the World Bank. He is on the board of the anti-malaria philanthropy, Nets for Life. His work has been discussed in media outlets like the Lehrer Newshour, National Public Radio, the BBC, the New York Times, Wall Street Journal, the New York Review of Books, the Washington Post, the Economist, the New Yorker, Forbes, Business Week, the Financial Times, the Times of London, the Guardian, and the Christian Science Monitor. Foreign Policy magazine inexplicably named him one of the world’s Top 100 Public Intellectuals in 2008. His areas of expertise are the determinants of long-run economic growth, the political economy of development, and the effectiveness of foreign aid. He has worked in most areas of the developing world, most heavily in Africa, Latin America, and Russia. William Easterly is an associate editor of the American Economic Journals: Macroeconomics, the Journal of Comparative Economics and the Journal of Economic Growth.

    Taken from his website.

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