Abstract: William Easterly has a reputation of being a free enterprise oriented economist. Were this not the case, his 2006 book The White Man’s Burden would not have been such a disappointment. In the event, this author misunderstands economic planning; buys into the fallacious notion of the poverty trap (poor nations are too poverty stricken to develop on their own without help from others – how did England manage this?); accepts a positive role for government in development, just as does Easterly’s target, Jeffrey Sachs; calls for state investment in early education; extols the virtues of democracy; attacks the idea of private fire companies, among many other compromises with dirigisme. With friends like this, laissez faire capitalism hardly needs enemies.
27. “Review of Easterly’s The White Man’s Burden”
By October 7, 2011 1 CommentPublished on