William Easterly
| William Easterly | |
|---|---|
 | |
| Born | (1957-09-07) September 7, 1957 Morgantown, West Virginia |
| Nationality | United States |
| Field | Political economy, International development |
| School or tradition | Chicago School |
| Doctoral advisor | Lance J. Taylor[1] |
| Influences | Friedrich von Hayek, Milton Friedman |
| Information at IDEAS / RePEc | |
William Russell Easterly (built-in September seven, 1957) is an American economist, specializing in economic development. He is a professor of economics at New York University, joint with Africa Business firm, and co-director of NYU's Development Research Institute.[2] He is a Research Associate of NBER, senior beau at the Bureau for Research and Economic Assay of Development (BREAD) of Duke University, and a nonresident senior fellow at the Brookings Institution in Washington DC. Easterly is an associate editor of the Journal of Economic Growth.
Easterly is the author of three books: The Elusive Quest for Growth: Economists' Adventures and Misadventures in the Torrid zone (2001); The White Man's Brunt: Why the West's Efforts to Aid the Rest Have Done So Much Ill and So Little Good (2006), which won the 2008 Hayek Prize; and The Tyranny of Experts: Economists, Dictators, and the Forgotten Rights of the Poor (2014),[3] which was a finalist for the 2022 Hayek Prize.[iv]
Biography [edit]
Born in Westward Virginia[v] and raised in Bowling Green, Ohio, Easterly received his BA from Bowling Light-green Land University in 1979 and his Ph.D. in economics from MIT in 1985. From 1985 to 2001 he worked at the World Banking company every bit an economist and senior adviser at the Macroeconomics and Growth Division; he was also an adjunct professor at the Paul H. Nitze Schoolhouse of Advanced International Studies.
Easterly then worked at the Institute for International Economics and the Heart for Global Development until 2003, when he began teaching at NYU.[half-dozen]
Bookish work [edit]
Easterly has worked in many areas of the developing world and some transition economies, almost heavily in Africa, Latin America, and Russia.
Easterly is skeptical toward many of the trends that are common in the field of strange aid. In The Elusive Quest for Growth, he analyzes the reasons why foreign aid to many 3rd world countries has failed to produce sustainable growth. He reviewed the many "panaceas" that have been tried since World State of war II but had lilliputian to prove for their efforts. Amongst them is one that has recently come back into way: debt relief. That remedy has been tried many times before, he argues, with negative results more oftentimes than positive, and calls for a more scrutinizing process.[7]
In The White Homo's Brunt (the title refers to Rudyard Kipling'due south famous poem of the same name), Easterly elaborates on his views most the meaning of foreign aid. Released in the wake of Live8, the book is critical of people similar Bob Geldof and Bono ("The white ring's burden"[8]) and particularly of boyfriend economist Jeffrey Sachs and his bestselling book The End of Poverty.[9] Easterly suspects that such messianic do-adept missions are ultimately mod reincarnations of the infamous colonial conceit of yore. He distinguishes two types of foreign aid donors: "Planners", who believe in imposing tiptop-down big plans on poor countries, and "Searchers", who look for bottom-upwardly solutions to specific needs. Planners are portrayed as utopian, while Searchers are more than realistic every bit they focus—following Karl Popper—on piecemeal interventions. Searchers, according to Easterly, have a much better chance to succeed.
In The Tyranny of Experts, Easterly analyzes a broader shortcoming of the evolution community's efforts—failure to recognize the importance of the rights of the poor. Evolution, he argues, is narrowly focused on the material well-beingness of its intended beneficiaries. Evolution "experts" champion technical solutions such as mosquito nets or latrines, believing they will finish poverty. Easterly argues that these technical solutions by experts fail to address the core of the problem. The lack of individual rights, including political and economic ones, prevents the poor from implementing bottom-upward, spontaneously emerging solutions to development bug, and from defending their interests from calumniating dictators. Development organizations ofttimes side with abusive autocrats by lauding their development achievements (which, economic analysis shows, cannot be credited to leaders[10]) and ignoring their dismal human rights records. The beginning step, Easterly argues, is to at least open a debate, a discussion most why the rights of the poor matter.
Sachs responded to Easterly's arguments, leading to a prolonged argue.[11] Sachs accused Easterly of excessive cynicism, overestimating costs, and overlooking past successes. Nobel Laureate Amartya Sen has praised Easterly for analysis of the problems of strange aid, only criticized his sweeping debarment of all plans, lacking the due distinctions between different types of problems, and non giving the assistance institutions credit for understanding the points he is making.[12] Easterly responded to Sachs in a letter in Foreign Policy in January 2014.[13]
Easterly has also produced a critical review of, and received a rebuttal from, Cambridge Academy economist Ha-Joon Chang, to which he offered a counter-rebuttal.[xiv] [15]
Easterly'south work has been discussed in media outlets such as National Public Radio, the BBC, the New York Times, Wall Street Journal, Washington Postal service, The Economist, The New Yorker, Forbes, Business organization Calendar week, the Financial Times, and the Christian Science Monitor.[16]
Publications [edit]
Easterly is the author of The Tyranny of Experts: Economists, Dictators, and the Forgotten Rights of the Poor (Basic Books, 2014), The White Man'due south Brunt: Why the West's Efforts to Aid the Rest Have Washed So Much Sick and Then Little Adept (Penguin, 2006), The Elusive Quest for Growth: Economists' Adventures and Misadventures in the Tropics (MIT, 2001), 3 other co-edited books, and more threescore articles in refereed economics journals.
Volume department [edit]
- Channels from Globalization to Inequality: Productivity World versus Factor World, pp. 39–81, from Brookings Trade Forum: 2004 - Globalization, Poverty, and Inequality, (2004, Brookings Institution Printing) ISBN 9780815712862[17] [18]
See besides [edit]
- Environmental determinism
References [edit]
- ^ A computable general equilibrium model of Mexico with portfolio balances : with application to devaluation.
- ^ NYU Development Enquiry Institute
- ^ ""The Tyranny of Experts" on William Easterly's website". Archived from the original on 2016-03-25. Retrieved 2015-02-04 .
- ^ The Manhattan Institute Announces Shortlist for Hayek Book Prize, January 29, 2015
- ^ Easterly, William (2016). "Stereotypes Are Poisoning American Politics". www.bloomberg.com . Retrieved 2021-eleven-04 .
{{cite web}}: CS1 maint: url-condition (link) - ^ Curriculum Vita, William Easterly, Apr three, 2013
- ^ "Think Over again: Debt Relief, Strange Policy". Archived from the original on 2006-06-xviii. Retrieved 2006-08-21 .
- ^ William Easterly on Al Jazeera English language's Riz Khan show
- ^ A Modest Proposal, A Review of "The End of Poverty."
- ^ http://www.nyudri.org/wp-content/uploads/2011/10/Easterly-Pennings-2014-January-Leaders-and-Growth.pdf [ expressionless link ]
- ^ http://reason.com/archives/2013/10/04/the-big-aid-debate-is-over
- ^ Amartya Sen, The Man Without a Program, Foreign Diplomacy. March/April 2006
- ^ Easterly, William (January 23, 2014). "Assist Amnesia: Jeffrey Sachs has gone down the rabbit hole on the aid fence. He doesn't even remember what it was all about". foreignpolicy.com.
Apparently there is nobody left, non even Sachs himself, to defend the example for aid as the engine of evolution in the poorest countries . . . .
- ^ https://www.nybooks.com/manufactures/2009/10/08/the-anarchy-of-success/
- ^ https://www.nybooks.com/articles/2009/11/19/the-anarchy-of-success-2/
- ^ "NYU Homepage for William Easterly". Retrieved 2006-06-26 .
- ^ https://www.brookings.edu/book/brookings-trade-forum-2004/
- ^ Easterly, William (2004). Brookings trade forum 2004. Globalization, poverty, and inequality. Washington, DC: Brookings Institution Press. pp. 39–81. ISBN9780815712862.
External links [edit]
- Aid Lookout man A blog written past William Easterly and Laura Freschi of the Development Research Plant between January 2009 and May 2011.[1]
- William Easterly on Twitter
- Easterly's expert page at the Brookings Institution
- William Easterly at IMDb
- A Modest Proposal A critical review of Jeffrey Sachs'southward blueprint for a new foreign help initiative, "The End Of Poverty."
- Call back Again: Debt Relief Archived 2006-06-18 at the Wayback Automobile
- Abridgements of The Elusive Quest for Growth and The White Man's Burden
- The Human Without a Program Volume review of "White Man's Burden," published in Foreign Affairs.
- Roberts, Russ. "William Easterly Podcasts". EconTalk. Library of Economics and Liberty.
- ^ "Assist Watch". Development Research Constitute . Retrieved 2020-04-28 .
Source: https://en.wikipedia.org/wiki/William_Easterly
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