Why Development Economics Has a Plumbing Problem

Comparing development economics to plumbing, one of this year’s Nobel Memorial Prize winners says she observes what works in the real world.

Phone Power

Only 3 years ago in sub-Saharan Africa, more than two-thirds of all roads were unpaved, three-quarters of the population was without electricity, and there were 3 landline phones per 100 people. Enter the cell phone. As of 2010, in low…

U.S. Affluence

How rich is the U.S.? Economist Branco Milanovic, in The Haves and the Have-Nots, gives us a really interesting answer. The poorest people in the U.S. are richer than most of the higher income individuals in other countries. Specifically, the…