William Easterly Quotes & Sayings

Any factor that breeds polarization will worsen policy, and thus cause lower growth. — William Easterly

There was no Marshall Plan for Harry Potter, no International Financing Facility for books about underage wizards. It is heartbreaking that global society has evolved a highly efficient way to get entertainment to rich adults and children, while it can't get twelve-cent medicine to dying poor children. — William Easterly

Remember, aid cannot achieve the end of poverty. Only homegrown development base on the dynamism of individuals and firms in free markets can do that. — William Easterly

We need a revolution in development thinking and practice. Foreign aid, debt relief, family planning, democracy, education, and free markets have not succeeded. — William Easterly

A woman in Bower Bank, Jamaica, had eight children. The father was in jail in the United States, no longer sending remittances.

Her fourteen-year-old daughter "get burn up from her face, breast, chest, down to her legs with boiling water February 2 1999. That night just because I never have any money earlier to cook, me go town and get a money, buy something to cook cause them never eat from morning. Me daughter bend down, to pick up something near the stove and bounce off the pot of boiling water pan herself. Me tek her to hospital and me never have the money fe register her. Me beg somebody the money and register her. Me owe the hospital $10,500 for the bill, a caan [can't] pay it. She's to go back for treatment because her hand caan stretch out or go up, but the hospital will not see her if I don't pay the bill. — William Easterly

Economists did something even better than predict the crisis. We correctly predicted that we would not be able to predict it. — William Easterly

To escape the cycle of tragedy, we (searchers) have to be tough on the ideas of the planners, even while we salute their goodwill. — William Easterly

If there is one number to which the rights of millions will be happily sacrificed, it is the national GDP growth rate. — William Easterly

Money should not be spent according to what the West considers the most dramatic kind of suffering. — William Easterly

Almost three billion people live on less than two dollars a day, adjusted for purchasing power.5 Eight hundred and forty million people in the world don't have enough to eat.6 Ten million children die every year from easily preventable diseases.7 AIDS is killing three million people a year and is still spreading.8 One billion people in the world lack access to clean water; two billion lack access to sanitation.9 One billion adults are illiterate.10 About a quarter of the children in the poor countries do not finish primary school.11 — William Easterly

When you are in a hole, the top priority is to stop digging. — William Easterly

The rich have markets, the poor have bureaucrats. — William Easterly

Peter Montiel has long set the highest standard for lucid textbooks on the macroeconomics of developing countries. Now in this new edition of his superb classic Macroeconomics in Emerging Markets, he has surpassed even himself. He uniquely fills the gap between rich-country-obsessed macro- and micro-obsessed developing-country analysis. No student of the macroeconomics of development will henceforward be able to do without this book. — William Easterly

The technocratic illusion is that poverty results from a shortage of expertise, whereas poverty is really about a shortage of rights. The emphasis on the problem of expertise makes the problem of rights worse. The technical problems of the poor (and the absence of technical solutions for those problems) are a symptom of poverty, not a cause of poverty. This book argues that the cause of poverty is the absence of political and economic rights, the absence of a free political and economic system that would find the technical solutions to the poor's problems. The dictator whom the experts expect will accomplish the technical fixes to technical problems is not the solution; he is the problem. — William Easterly