William Easterly

Quick Facts

Full Name	William Easterly
Occupation	Economist
Date Of Birth	Sep 7, 1957(1957-09-07)
Age	67
Birthplace	Morgantown
Country	United States
Birth City	West Virginia
Horoscope	Virgo

William Easterly Biography

William Easterly is one of the most popular and richest Economist who was born on September 7, 1957 in Morgantown, West Virginia, United States. William Russell Easterly (born September 7th 1957) is an American economist, who is specialized in the field of economic development. He is Professor of Economics at New York University, joint with Africa House, and Co-Director of NYU’s Development Research Institute. The researcher is an Associate at NBER as well as a senior fellow of 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 the associate editor for The Journal of Economic Growth.

Sachs was adamant about Easterly’s arguments, resulting in an extensive debate. Sachs was accused by Easterly of being overly optimistic in estimating costs and not recognizing the past achievements.. Nobel Laureate Amartya Sen has been awed by Easterly for his analysis of the challenges of foreign aid, however, he was critical of his blanket denial of all aid programs, ignoring the proper distinctions between various kinds of issues, and not giving aid agencies credit for comprehending the arguments Sachs is making. Easterly addressed Sachs by writing a letter to Foreign Policy in January 2014.

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.

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.

Easterly Author of the book The Tyranny of Experts: Economic Experts, Dictators and the Unforgotten Rights of the Poor (Basic Books 2013), The White Man’s Burden: The Reasons the West’s efforts to Help the poor have caused so much harm and done so little Good (Penguin 2006) The Elusive The Search for Growth: Economics’ Adventures and Misadventures the Tropics (MIT 2001) and 3 additional co-edited publications, and more than 60 papers in the most reputable economic journals.

William Easterly Net Worth

William Easterly is one of the richest Economist from United States. According to our analysis, Wikipedia, Forbes & Business Insider, William Easterly 's net worth $5 Million. (Last Update: December 11, 2023)

The family was born in West Virginia and raised in Bowling Green, Ohio, Easterly graduated with a BA in Economics from Bowling Green State University in 1979, and then the Ph.D. in economics from MIT in the year 1985. From 1985 until 2001, he worked for the World Bank as an economist and Senior Advisor in the Macroeconomics and Growth Division; as an adjunct instructor of the Paul H. Nitze School of Advanced International Studies.

Easterly later worked for his position at the Institute for International Economics and the Center for Global Development until 2003, when he started lecturing at NYU.

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.

Height, Weight & Body Measurements

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Who is William Easterly Dating?

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Facts & Trivia

William Ranked on the list of most popular Economist. Also ranked in the elit list of famous people born in United States. William Easterly celebrates birthday on September 7 of every year.

What is William Easterly known for?

Bill Easterly is a notorious critic of foreign aid and has written brilliantly about its failures. He does so from an insider’s perspective: he was a World Bank economist for years. I recently wrote about his latest book, The Tyranny of the Experts, in the Journal of Economic Literature.

What does William Easterly believe?

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 …

How many pages is the white man's burden?

TitleThe White Man’s Burden: Why the West’s Efforts to Aid the Rest Have Done So Much Ill and So Little Good
Edition| illustrated, reprint
Publisher| Penguin Press, 2006
ISBN| 1594200378, 9781594200373
Length| 436 pages

What are Jeffrey Sachs and William Easterly's views on the efficacy of

foreign aid to developing nations?

Jeffrey Sachs and William Easterly represent the two primary strains of thought in this debate. Sachs argues that foreign aid constitutes an important instrument to reduce poverty and foster development, while Easterly suggests that foreign aid fails to reach the poor.

What is the message of the poem The White Man's Burden?

“The White Man’s Burden” (1899), by Rudyard Kipling, is a poem about the Philippine–American War (1899–1902) that exhorts the United States to assume colonial control of the Filipino people and their country.