IAFF 6101 Lecture Notes - Lecture 13: Military Budget, Technical Analysis
14 May 2016
School
Department
Course
Professor
Document Summary
Tyranny of experts = belief that poverty is a lack of technical expertise, that autocrats are best at delivering this expertise. Easterly is not talking about state vs. market, but rather state vs. individual. History matters, non-national factors (region, knowledge) matter, spontaneous solutions matter. Easterly believes that aid, as it currently exists, is bad and should not exist. But he approves resource transfer to equalize the equality within and among countries: tobin"s tax tax on international transactions, which is then distributed to developing countries as tax revenue, not aid. James tobin one of the first recipients of the nobel prize in economics. Us currently gives 0. 18% of gnp for aid, but in terms of volume, it is highest in the world. Un"s optimistic goal for all countries is 1% (realistic goal: 0. 7%). Us military budget is 60 times the budget for aid.
