December 21, 2005
Back in college, we thought he looked more like John Denver

In Time Magazine’s cover story on “The Year of Charitainment”, James Poniewozik asks:

More interesting than why celebrities take up causes--and tougher to answer--is why the rest of us pay attention to them. Granted, there is the rare celeb, like Bono, who becomes a bona fide expert, but why should I turn to him for advice on solving poverty any more than I'd buy a ticket to watch global-poverty guru Jeffrey Sachs sing I Will Follow?

The unstated premise being that you should turn to Jeffrey Sachs for advice on solving poverty? You might want instead to turn to economists whose view of what to do relies less on wishful thinking about the consequences of US taxpayers funding third-world governments and multinational bureaucracies.

For example, William Easterly, who has previously juxtaposed Bono with Sachs and explained here just where Sachs goes off the rails. In a nutshell: "Sachs pays surprisingly little attention to the history of aid approaches and results."

Posted by Lawrence H. White at 10:38 PM in Economics  ·  TrackBack (0)

The statesman who should attempt to direct private people in what manner they ought to employ their capitals would not only load himself with a most unnecessary attention, but assume an authority which could safely be trusted, not only to no single person, but to no council or senate whatever, and which would nowhere be so dangerous as in the hands of a man who had folly and presumption enough to fancy himself fit to exercise it. -Adam Smith

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