We’re all dumb

Kristof has an interesting column in the New York Times today, subtly entitled “Moonshine or the Kids.”  In it, he describes a “politically incorrect, heartbreaking, frustrating, and ubiquitous” truth: poor people do stupid things with their money.  He cites two MIT economists—Abhijit Banerjee and Esther Duflo (who is totally hot right now)—that calculated that even… Continue reading We’re all dumb

Smile! At least you’re poor!

So, here are some research findings with interesting implications for contemporary policy debates in the U.S.: Kenyans—despite living in a country with nine times the infant mortality rate of the United States and living twenty-two fewer years—report being as satisfied with their health care system as Americans are. Afghanis, for their part, are part of… Continue reading Smile! At least you’re poor!