Post Tagged 'aid'

December 03, 2015

Why Emergency Food Assistance Can Prolong War and Conflict

There are ten vital foundational lessons that should be taught in any introductory course on economics, says Don Boudreaux, a professor of economics at George Mason University. The first three lessons on his list are, (1) [T]he world is full of both desirable and undesirable unintended consequences – consequences that are largely invisible but that even a course in ‘mere’ principles of economics gives us great vision that enables us to “see,” (2) intentions are not results; (3) our world is unavoidably one of trade-offs and not “solutions,” … While these lessons can be easily understood in theory, applying them to the real world can often be surprisingly difficult. Continue Reading...