Dinsdag quote

(B)asic principles of economics are neglected in development today, starting with the idea beloved by Bill Gates, [World Bank President, 2012-2019] Jim Yong Kim, and the United Nations Development Goals: setting goals and then finding evidence-based ways to reach them.
This is not the way the “association of problem-solvers” solves problems. The decentralized system finds the cheapest solutions to problems, through markets and democratic feedback from individuals. Which problems get solved – which goals get met – are among the many choices that emerge from this decentralized system. The problems that get solved are those where individuals perceive the highest benefits relative to the costs.

William Easterly (2013). The Tyranny of Experts. Economists, Dictators, and the Forgotten Rights of the Poor, p 254-255

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