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effective altruism, Lant Pritchett, poverty

Escaping Poverty

Lant Pritchett's new working paper, "Alleviating Global Poverty: Labor Mobility, Direct Assistance, and Economic Growth" should be required reading for every Effective Altruist.  Bottom line: Virtually all poverty reduction comes from economic growth and migration - not redistribution or philanthropy.  The evidence will be fairly familiar to EconLog readers, but the framing is novel and powerful: So think of two ways to help the global poor. One is for rich people (in a global sense) to give a dollar and...
EconLog By Pierre Lemieux
Preferences and Choice: A Distinction
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One useful idea taught by neoclassical economics is to distinguish between choice and preferences. An individual is modeled as making choices according to his preferences and his constraints. Think about an individual who, on his preference scale (in his "preference function"), prefers a BMW i8...

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Isn't there a question here of what to include under that "heritable" umbrella?  Perhaps activity level? (So the three-toed sloth is doomed.)  Perhaps stamina?  (Or is that more age & stage?)  Perhaps social inheritance?  (E.g., Geert Hofsyede's Masculine vs. Feminine cultures.)  Perhaps familial upbringing?  (Consider all those childrearing books attempting to instill "Grit," or n-Ach.)  Is part of one's inheritance "what your Mama taught you"?

Congratulations to William Nordhaus and Paul Romer on sharing the 2018 Nobel Memorial Prize in Economics!

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