The Developing Development Dogma

Since the Industrial Revolution emerged in the 1800s, human beings have become steadily prosperous. However, not every human being in the world enjoys the same level of prosperity. Furthermore, millions remain living in conditions resembling that of most humanity circa 1800. In turn, for the past 50 years particularly, social scientists have looked for and tested a wide array of theories aimed at ending poverty. All these ideas became part of a new multidisciplinary discipline called “development.” Thanks to developed countries’ tax money together with charitable organizations and philanthropists from all over the world, billions have poured into developing countries. However, the results have been rather poor. For one, poverty still remains a modern calamity in many countries in Africa, Latin America, and Asia. What is to be done? The answer to this question is the beginning of one of today’s most exciting intellectual pursuits. Although nobody has a definitive answer, there are many good ideas and successful experiences. The challenge is to apply them in a way that has lasting effects and does not make things worse for those that they intend to help. Auspiciously, Internet gives free access to all the development ideas, debates, projects, and trends necessary to make us all a potential Nobel Prize winner. A small sample of development’s great resources available on-line include William Easterly’s blog, Dani Rodrik’s blog, the World Bank’s website, the Center for International Private Enterprise development blog*, and the Center for Global Development’s website. Also, check out this Cato Unbound debate on “foreign aid” and this Boston Review forum on development.

* Full disclosure: I am used to be a contributor to CIPE’s blog.

The Economics Nobel Prize Winners Are Now Available for Free

The Royal Swedish Academy of Sciences recently awarded a new Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel (in plain English, that is the Nobel Prize in Economics). One of the two winners, Elinor Ostrom, is the first woman ever to win the prize. But that is not the most amazing fact; what is really incredible is that anyone can now know [tricky alliteration] about the winners, their life, their accomplishments, and why they matter. There was a time when only few would learn about laureates in economics sciences and then it would be many years after they won the prize, probably in a dusty academic book or through an old professor. Let us all be grateful that today we can know the winners instantly and, more importantly, we can learn about them and their work effortlessly and for free. For instance, consider Ms. Ostrom. She has helped set up a free enormous data base called “Digital Library Of The Commons Repository” that lists all the research that she and her colleagues have done and that earned her the prize. In addition, you can watch her explain her research and why it matters. Also, the Nobel Prize website is superb; it lists all the previous winners, explains their accomplishments, features video interviews, and lets you access winners’ acceptance speeches and other important documents. If you are into trivia, there is data on the oldest and youngest winners. Gå lära sig!