The big push Déjà Vu: A review of Jeffrey Sachs's the End of Poverty: Economic Possibilities for Our Time

William Easterly

    Research output: Contribution to journalReview article

    Abstract

    Jeffrey Sachs's new book (The End of Poverty: Economic Possibilities for Our Time, Penguin Press: New York, 2005) advocates a "Big Push" featuring large increases in aid to finance a package of complementary investments in order to end world poverty. These recommendations are remarkably similar to those first made in the 1950s and 1960s in development economics. Today, as then, the Big Push recommendation overlooks the unsolvable information and incentive problems facing any large-scale planning exercise. A more promising approach would be to design incentives for aid agents to implement interventions piecemeal whenever they deliver large benefits for the poor relative to costs.

    Original languageEnglish (US)
    Pages (from-to)96-105
    Number of pages10
    JournalJournal of Economic Literature
    Volume44
    Issue number1
    DOIs
    StatePublished - Mar 2006

    ASJC Scopus subject areas

    • Economics and Econometrics

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