CGD in the News

Nobel Winner Angus Deaton Is Very Critical Of Foreign Aid. The Reality Is More Complicated (Vox)

October 12, 2015

From the article: The Nobel Prize in Economics aspires to reward scientific achievement, just like the prizes in physics, chemistry, and medicine. But given how politically divided economics is as a field, it's normal for prize selections to be interpreted in ideological terms.

Indeed, commentators are already interpreting this year's award to Princeton professor Angus Deaton as a victory for skeptics of foreign aid, of which Deaton has been relentlessly critical:

But Deaton's views are more subtle than "aid is bad" — and the reality is more subtle, and more auspicious for foreign aid, than even Deaton's nuanced take suggests.

Read full article here.