Stiglitz vs. Easterly: Leading economists debate the role of markets in reducing poverty
In a fascinating debate hosted by Reason Magazine, development economists William Easterly and Joseph Stiglitz discuss how to best fight global poverty, responding to a simple question: “Which is a better approach, freer markets or increased government action?” Easterly, a professor at New York University and author of the popular book, The White Man’s Burden, highlights the importance of freer markets, arguing they provide better incentives, better mechanisms for sharing knowledge, and, most importantly, better rights. Stiglitz, a Nobel laureate...