En busca del crecimiento. Front Cover. William Easterly En busca del crecimiento: andanzas y tribulaciones de los economistas del William Easterly. William Easterly. · Rating details · 1, ratings · 67 reviews. Why economists’ attempts to help poorer countries improve their economic well-being have. The Paperback of the En Busca Del Crecimiento by William Easterly at Barnes & Noble. FREE Shipping on $ or more!.
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Books by William Easterly. Easterly’s chapters on traps, complements and matches were really interesting, as were his discussion of corruption, polarized societies and robust crecimiehto. What I loved most about this book is the highly accessible style and language. Published August 2nd by Mit Press first published The book also looks at corruption and how weak governments with decentralised corruption are the worst for growth where as governments with centralised corruption such as that in Indonesia have seen high levels of growth.
The book’s mantra is that “people respond to incentives” actually, easherly is the mantra fel most economists. Even for an academic, Easterly is a poor writer, but shining through his wooden A nice primer on development economics circa This is not just a book for economists.
Efforts to remedy these issues motivated a strand of excellent academic research in the s and s, which was later popularized in two equally excellent books, Poor Economics by Abhijit Banerjee and Esther Duflo and More than Good Intentions by Dean Karlan and Jacob Appel. It explained many problems with the way we try to aid the poor.
First, Easterly makes the case for economic growth as the primary vehicle through which the poor can be lifted out of poverty. An outstanding discussion about how first world foreign aid to developing nations just doesn’t help. You cannot conclude crecimienro because you lack a proper counterfactual.
Therefore, anything people may attempt to do that is outside of the law of supply-and-demand is bound to create more problems. He has worked in most areas of the developing world, most heavily in Africa, Latin America, and Russia.
What is the remedy to these problems? They had skills specific to the old technology and knew their skills would not be worth much with the new technology. Easterly looks at various aid programs and how they have not succeeded. Easterly isn’t quite as biting against the development community in this book, but cites many interesting statistics which are updated in White Man’s Burden. Extremely important and readable empirical summary of the C20th failure of directed “development” aid that is, capital aimed at a self-sustaining anti-poverty outcome.
En Busca del Crecimiento (June edition) | Open Library
Given the two broad “camps” of development, it is interesting to understand the logic underlying the Economics camp, which is often critiqued for being out of touch with the real life impacts and fallout of their policy prescriptions. Jul 10, Hayley Smith-Kirkham rated it it was ok Shelves: Easterly has worked for the World Bank as an crecimiengo and senior adviser at the Macroeconomics and Growth Division.
Mar 11, Kevin Vejrup rated it really liked it. William Easterly is an associate editor of the American Economic Journals: The problem is not the failure of economics, William Easterly argues, but the failure to eaasterly economic principles to practical policy work. Even more than that, it explained it in such a way that it was easy to make your own conclusions when applying it to other scenarios. Labor-saving technology is another term for output-per-worker-increasing technology.
He also attacks many of the simple solutions proposed by development economists to end Third World poverty. First taking the reader through all the ways economists development attempts failed at an incredible cost both in dollars and lost decades of growth for the poor, Easterly then identifies six stories of how people respond to incentives and how working around or integrating these strategies can at least prevent lost growth, if not directly stimulate growth.
As other reviewers mentioned, I am curious to see what Easterly would say of this more optimistic earlier work, but bsuca this text is an excellent, accessible history of economic development in the 20th century. He is on the board of the anti-malaria philanthropy, Nets for Life.
Jul 25, Stanley Lee rated it liked it. Easterly is also a talented communicator and aptly mixes anecdote and humor with economic analysis. In The Elusive Quest for Growth: It’s really good survey for non-economists of the field’s arc since WWII, beginning with the Harrod-Domar model and leading up to the time of writing.
Generally, I think this crefimiento a load of BS, and even more to the point, is plain old subterfuge. The brief stories of real families living in poverty interspersed between the chapters were interesting, and helped break up the analysis and bring the focus back to the individuals this field of work is meant to help.
Easterly also points out that predictions of GDP growth are terrible. He was born in West Virginia and is the 8th most famous native of Bowling Green, Ohio, where he grew up. The authors say “jobless growth” happens whenever the rate of employment growth is not as high as the rate of output growth, which leads to “very low incomes” for millions of workers. Easterly is, however, quite critical of the aid establishment’s record though, once again, optimistic about the potential for aid as poor gov’ts grow increasingly competent xrecimiento decreasingly corrupt.
Insufficient diffusion of knowledge and skills mismatches; resistance against technical change; luck; bad economic policies; corruption; ethnocultural polarization. At the same time, Easterly points out how much esaterly development is a product of plain good luck. Easterly explains the progression of economic thought and the fate of the ‘latest and greatest’ foreign aid ideas spurred by ever changing growth theories.
In fact, you’ll probably quibble, as I did, with some of his stats and reasoning. He shows why even though there is vast amount of cash that is poured in projects that should enbetter the life of many, results are not so impressive. Open Preview See a Problem? Contrary to some of the spurious one-line reviews below, this book is definitely not the work of a laissez-faire ideologue. Written in an accessible, at times irreverent, style, Easterly’s book combines modern growth theory with anecdotes from his fieldwork for the World Bank.