Want Growth? Kill Small Businesses—Asterisk
This is the paradox of the poor and their businesses: They are energetic and resourceful and manage to make a lot out of very little. But most of this energy is spent on businesses that are too small and utterly undifferentiated from the many others around them.
Abhijit V. Banerjee • Poor Economics: A Radical Rethinking of the Way to Fight Global Poverty
Contrary to the founding theories of development economics, inequality does not make economies grow faster: if anything, it slows them down. And it does so by wasting the potential of much of the population: people who could be schoolteachers or market traders, nurses or micro-entrepreneurs – actively contributing to the wealth and well-being of th
... See moreKate Raworth • Doughnut Economics: The must-read book that redefines economics for a world in crisis
Congratulations to @DAcemogluMIT, @baselinescene & James Robinson on their @NobelPrize in Economic Sciences. While their work on institutions is important, it's crucial to remember that development is complex.
As @yuenyuenang, @mushtaqkhan100 & Ha-Joon Chang argue, effective institutions must be context-specific, not just replicas of Western... See more
As @yuenyuenang, @mushtaqkhan100 & Ha-Joon Chang argue, effective institutions must be context-specific, not just replicas of Western... See more
Mariana Mazzucato • Tweet
Environmentalist Michael Lockhart identifies four damaging forms of economic growth: “ jobless growth, where the economy grows, but employment doesn’t; ruthless growth, where economic growth benefits the rich; rootless growth, where economic growth starves people’s cultural roots; and futureless growth, where the present generation squanders resour... See more