Hayek vs. the development experts..

23 Dec 2014 Leave a comment

by Jim Rose in economics

Amol Agrawal's avatarMostly Economics

I have been  trying to read the superb Hayek lectures by Manhattan Institute (after discovering them recently and also posted 2012 lecture here.

William Easterly got the 2008 award for his superb book The White Man’s Burden: Why the West’s Efforts to Aid the Rest Have Done So Much Ill and So Little Good. His lecture on the occasion is a decent read.

As we know, Easterly is a huge critique of top down approach of development. In this one has all these development experts who think they know what is in the interest of the poor. Easterly instead vouches for bottom-up approach where people decide what to do. This is also similar to what Hayek also said:

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