Think Freely Media presents Common Sense with Paul Jacob

William Easterly looks at the inherent callousness at the heart of modern talk of “development.” His starting point, below, is the big difference in ideas between 1974’s dual winners of the Nobel Prize in Economics, Gunnar Myrdal and F.A. Hayek. Myrdal supported a double standard. Hayek did not.

Myrdal also promoted a huge assumption we still live with today: that of the benevolent dictator, the one who gets all the credit for progress. The common folk, you see, are just pawns in the dictator’s hands.

By: Redactor

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