In which we find that a Nobel Laureate was wrong

posted by
December 26, 2011
Adam Smith Institute
by Tim Worstall  
Posted in Commentary

"We do know that micro-lending works, that it has decent repayment levels, that it alleviates poverty, is sustainable. It's just that why we thought it works, that peer pressure creates the high repayment rates, seems to be wrong." (12/26/11)  

Our Sponsors