This is a joint posting with Peter Timmer.
This past weekend, the New York Times published a provocative story titled "Ending Famine, Simply By Ignoring the Experts" (login required), about how Malawi has rescued itself from endless cycles of famine. The Times argued that Malawi accomplished this seemingly impossible goal by ignoring experts from the World Bank and rich-country aid organizations who have insisted that Malawi should cut back or eliminate its subsidies on fertilizer. But Malawi's newly elected president, Bingu wa Mutharika, did just the opposite--he reinstated and deepened the subsidies, which in turn increased yields and resulted in exports of corn to neighboring countries. Was the president right to do this?