Foreign Policy, January 1st, 2008
I WAS TEACHING economics at the university in Chittagong, Bangladesh, in 1974, and the theories that I was teaching didn't seem to be of much use to the extremely poor. One day, I met a woman who was making a bamboo stool in front of her dilapidated hut. She made only two pennies a day. [ILLUSTRATION OMITTED] That's all that was left to her because of the moneylenders. And I looked at her and thought, my God, she's not a borrower, she's just slave labor. THE NEXT DAY I WONDERED, why don't I find other people who are going through a similar situation? I came up with a list of 42 people, who ...
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