Easterly and The Pitfalls of Foreign Intervention

In one of my recent blog posts, I discussed the work of NYU economist William Easterly. In particular, I noted how his work on the pitfalls of modern economic development planning bear a striking resemblance to the work and ideas of F.A. Hayek and James M. Buchanan.
Easterly makes a distinction between “planners” versus “searches” in development activities. According to Easterly, a “planner” is someone who “thinks he already knows the answers.” A “searcher,” meanwhile, is someone who “admits he doesn’t know the answers in advance; he believes that poverty is a complicated triangle of political, social, historical, institutional and technological

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