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William Easterly is an American development economist and professor of economics at New York University. He is the co-director of the Development Research Institute at NYU and a research associate at the National Bureau of Economic Research. He is also a senior fellow at the Center for Global Development.
Easterly was born in Morgantown, West Virginia, and received his B.A. in economics from West Virginia University in 1979. He then went on to receive his M.A. in economics from the University of Rochester in 1981 and his Ph.D. in economics from the University of California, Los Angeles in 1986.
Easterly is best known for his work on the economics of development, particularly his criticism of foreign aid. He has written several books on the subject, including The Elusive Quest for Growth: Economists' Adventures and Misadventures in the Tropics (2001), The White Man's Burden: Why the West's Efforts to Aid the Rest Have Done So Much Ill and So Little Good (2006), and The Tyranny of Experts: Economists, Dictators, and the Forgotten Rights of the Poor (2014).
As of 2021, William Easterly's net worth is estimated to be roughly $2 million.
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67 years old |
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Virgo |
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7 September 1957 |
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7 September |
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Morgantown, West Virginia |
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United States |
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He is a member of famous with the age 67 years old group.
William Easterly Height, Weight & Measurements
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William Easterly Net Worth
His net worth has been growing significantly in 2022-2023. So, how much is William Easterly worth at the age of 67 years old? William Easterly’s income source is mostly from being a successful . He is from United States. We have estimated
William Easterly's net worth
, money, salary, income, and assets.
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$1 Million - $5 Million |
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Easterly is the author of three books: The Elusive Quest for Growth: Economists’ Adventures and Misadventures in the Tropics (2001); The White Man’s Burden: Why the West’s Efforts to Aid the Rest Have Done So Much Ill and So Little Good (2006), which won the 2008 Hayek Prize; and The Tyranny of Experts: Economists, Dictators, and the Forgotten Rights of the Poor (2014), which was a finalist for the 2015 Hayek Prize.
In The White Man's Burden (the title refers to Rudyard Kipling's famous poem of the same name), Easterly elaborates on his views about the meaning of foreign aid. Released in the wake of Live8, the book is critical of people like Bob Geldof and Bono (“The white band's burden”) and especially of fellow economist Jeffrey Sachs and his bestselling book The End of Poverty. Easterly suspects that such messianic do-good missions are ultimately modern reincarnations of the infamous colonial conceit of yore. He distinguishes two types of foreign aid donors: “Planners”, who believe in imposing top-down big plans on poor countries, and “Searchers”, who look for bottom-up solutions to specific needs. Planners are portrayed as utopian, while Searchers are more realistic as they focus—following Karl Popper—on piecemeal interventions. Searchers, according to Easterly, have a much better chance to succeed.
In The Tyranny of Experts, Easterly analyzes a broader shortcoming of the development community's efforts—failure to recognize the importance of the rights of the poor. Development, he argues, is narrowly focused on the material well-being of its intended beneficiaries. Development "experts" champion technical solutions such as mosquito nets or latrines, believing they will end poverty. Easterly argues that these technical solutions by experts fail to address the core of the problem. The lack of individual rights, including political and economic ones, prevents the poor from implementing bottom-up, spontaneously emerging solutions to development problems, and from defending their interests from abusive dictators. Development organizations often side with abusive autocrats by lauding their development achievements (which, economic analysis shows, cannot be credited to leaders) and ignoring their dismal human rights records. The first step, Easterly argues, is to at least open a debate, a discussion about why the rights of the poor matter.
Sachs responded to Easterly's arguments, leading to a prolonged debate. Sachs accused Easterly of excessive pessimism, overestimating costs, and overlooking past successes.. Nobel Laureate Amartya Sen has praised Easterly for analysis of the problems of foreign aid, but criticized his sweeping debarment of all plans, lacking the due distinctions between different types of problems, and not giving the aid institutions credit for understanding the points he is making. Easterly responded to Sachs in a letter in Foreign Policy in January 2014.
Easterly is the author of The Tyranny of Experts: Economists, Dictators, and the Forgotten Rights of the Poor (Basic Books, 2014), The White Man’s Burden: Why the West’s Efforts to Aid the Rest Have Done So Much Ill and So Little Good (Penguin, 2006), The Elusive Quest for Growth: Economists' Adventures and Misadventures in the Tropics (MIT, 2001), 3 other co-edited books, and more than 60 articles in refereed economics journals.
Easterly then worked at the Institute for International Economics and the Center for Global Development until 2003, when he began teaching at NYU.
Born in West Virginia and raised in Bowling Green, Ohio, Easterly received his BA from Bowling Green State University in 1979 and his Ph.D. in Economics from MIT in 1985. From 1985 to 2001 he worked at the World Bank as an economist and Senior Adviser at the Macroeconomics and Growth Division; he was also an adjunct professor at the Paul H. Nitze School of Advanced International Studies.
William Russell Easterly (born September 7, 1957) is an American economist, specializing in economic development. He is a Professor of Economics at New York University, joint with Africa House, and Co-Director of NYU’s Development Research Institute. He is a Research Associate of NBER, senior fellow at the Bureau for Research and Economic Analysis of Development (BREAD) of Duke University, and a nonresident senior fellow at the Brookings Institution in Washington DC. Easterly is an associate editor of the Journal of Economic Growth.