This book helps to understand the enigmatic microfinance sector by tracing its evolution and asking how it works as a financial system. Our present capitalism is a financialized capitalism, and microfinance is its response to poverty. Microfinance has broad-ranging effects, reac…
"Worldwide, human lives are rapidly improving. Education, health-care, technology, and political participation are becoming ever more universal, empowering human beings everywhere to enjoy security, economic sufficiency, equal citizenship, and a life in dignity. To be sure, ther…
"Why are some people poor? Why does absolute poverty persist despite substantial economic growth? What types of late economic development or 'catch-up' capitalism are associated with different poverty outcomes? It is these apparently simple questions and the extent to which the …
"A provocative critique of the pieties and fallacies of our obsession with economic growth. We live in a society in which a priesthood of economists, wielding impenetrable mathematical formulas, set the framework for public debate. Ultimately, it is the perceived health of the e…
