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The Sharing Experiment
[youtube]http://www.youtube.com/watch?v=VUPzr2MGKMs[/youtube]
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Cash still counts
Even though we're all excited about mobile money these days, it's useful to be reminded that cash still matters. A recent evaluation study in Kenya run by Innovations for Poverty Action found that: in Kenya the average firm loses an estimated 5 to 8 percent in...
The biology of poverty traps
By way of catching up on my popular social science, I have been reading Daniel Kahneman's Thinking Fast and Slow and Esther Duflo and Abhijit Banerjee's Poor Economics. Among the most arresting revelations in the latter is the following: There is a strong association...