Saint Nicholas: The Power of Hope Is Real

Great news from the work of Esther Duflo at JPAL/MIT, and Dean Karlan at Innovations for Poverty Action. Thank you Saint Nicholas.
These economists and their colleagues are using micro-finance, randomized trials and psychology to show what works and what doesn’t in the war on poverty — very exciting.
The dark side to such valiant efforts, is that population growth makes their efforts less useful. Without education, family planning, and population control, all those donated animals will soon be eaten.

A new trial involving 21,000 people in six countries suggest that a cow or a goat and the belief in a better future can significantly impact poverty.
nytimes.com|By Nicholas Kristof
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