John Cochrane recommends the Economist article Aid cannot make poor countries rich. From 2004 to 2014, foreign aid increased by 75%, but it didn’t help: 2004, William Easterly: aid was just as likely to shrink the world’s poorest economies as to help them grow. 2005, World Bank: grants and loans did not move the needle…
The Grumpy Economist on Foreign aid: “send a person a fish every day, and he forgets how to fish.”
The Grumpy Economist on Foreign aid: “send a person a fish every day, and he forgets how to fish.”
20 Mar 2025 Leave a comment
in applied price theory, comparative institutional analysis, development economics, economic history, growth disasters, growth miracles Tags: overseas aid
US AID, current status
11 Mar 2025 Leave a comment
in development economics, economics of bureaucracy, politics - USA, Public Choice Tags: 2024 presidential election, overseas aid
After a 6 week review we are officially cancelling 83% of the programs at USAID. The 5200 contracts that are now cancelled spent tens of billions of dollars in ways that did not serve, (and in some cases even harmed), the core national interests of the United States. In consultation with Congress, we intend for […]
US AID, current status
.@ActionAidUK
25 Oct 2020 Leave a comment
in development economics, discrimination, economics of crime, law and economics Tags: ODA, overseas aid, political correctness, regressive left, useful idiots

Angus Deaton: «lDevelopment aid is cynical» – Swiss Television SRF
14 Sep 2020 Leave a comment
in Bill Easterly, comparative institutional analysis, constitutional political economy, development economics, economic history, economics of bureaucracy, economics of crime, growth disasters, growth miracles, international economics, law and economics, P.T. Bauer, property rights, Public Choice, public economics, rentseeking Tags: overseas aid
Easterly: Sachs & Individual Rights
01 Apr 2018 Leave a comment
in applied price theory, development economics, entrepreneurship, growth disasters, growth miracles Tags: overseas aid, The fatal conceit
The Good Neighbor: Addressing Global Poverty in an Age of Xenophobia with William Easterly
03 Mar 2018 Leave a comment
in applied price theory, comparative institutional analysis, constitutional political economy, development economics, growth disasters, growth miracles, international economics Tags: Bill Easterly, overseas aid, The Great Escape
The Vision of Jeffrey Sachs
28 Jan 2018 Leave a comment
in applied price theory, development economics, economic history, economics of bureaucracy, entrepreneurship, growth disasters, growth miracles, Public Choice, rentseeking Tags: overseas aid, The fatal conceit
William Easterly and Dambisa Moyo: Emerging economies in 2013
20 Jan 2018 Leave a comment
in applied price theory, Bill Easterly, comparative institutional analysis, constitutional political economy, development economics, economic history, economics of bureaucracy, growth disasters, growth miracles, Public Choice, rentseeking Tags: overseas aid
Africa Needs Jobs, Not Aid
17 Jan 2018 Leave a comment
in applied price theory, comparative institutional analysis, constitutional political economy, development economics, economics of bureaucracy, growth disasters, growth miracles, Public Choice, rentseeking Tags: overseas aid
Jagdish Bhagwati Reveals the Problem With Foreign Aid
15 Jan 2018 Leave a comment
in applied price theory, development economics, economics of bureaucracy, growth disasters, growth miracles, Public Choice, rentseeking Tags: overseas aid
The Vision of Jeffrey Sachs by Bill Easterly
03 Jan 2018 Leave a comment
in applied price theory, comparative institutional analysis, constitutional political economy, development economics, growth disasters, growth miracles, Public Choice, rentseeking Tags: Bill Easterly, overseas aid, The fatal conceit
Does a country with a bullet train need ODA?
30 Jan 2016 Leave a comment
in development economics, growth disasters, growth miracles Tags: India, ODA, overseas aid
138,000 people out of poverty every day for 25 years while @oxfamnz claimed neo-liberalism ruined the world
25 Jan 2016 Leave a comment
in development economics, economic history, growth miracles, Marxist economics Tags: extreme poverty, global poverty, overseas aid, Oxfam, The Great Escape, The Great Fact
62 billionaires alert: extreme poverty could have fallen so much faster?
24 Jan 2016 Leave a comment
in applied price theory, development economics, economic history, entrepreneurship, growth miracles Tags: entrepreneurial alertness, extreme poverty, global poverty, Leftover Left, ODA, overseas aid, rational irrationality, superstars, The Great Escape, The Great Fact
@WorldBank is telling porky pies about #EndPoverty and fighting #ClimateChange
13 Dec 2015 Leave a comment
in development economics, economics of bureaucracy, energy economics, environmental economics, global warming, growth disasters, growth miracles Tags: climate aid, climate alarmists, extreme poverty, global poverty, green rent seeking, overseas aid, overseas development assistance, World Bank

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