Is Charity for the Poor Futile?
A group of leading economists recently criticized aid to the poor for failing to address poverty's root causes. But while we wait for politicians to act – and it could be a long wait – it is important to concentrate our spare resources on effective aid that helps poor people lead the best lives they can.
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MELBOURNE – In an essay published last month in The Guardian, 15 leading economists – including the Nobel laureates Angus Deaton, James Heckman, and Joseph Stiglitz – criticized what they call “the ‘aid effectiveness’ craze” on the grounds that it leads us to ignore the root causes of global poverty.