Sometimes, even if you are a great economist, you might want to take some advice:

http://aidwatchers.com/2009/11/african-leaders-advise-bono-on-reform-of-u2/

In the past two days I’ve been traveling around Chennai and some villages nearby, as part of a field trip organized by the Center for Micro Finance. Here are some pictures of the places I’ve visited so far:

A Street in Chennai

Poster in the Training Center of a Micro Finance Institution

Coconut Seller

Creativity

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This was the question I asked to two girls today in the field trips I made near Chennai to poor villages. The first one is the granddaughter of the owner of a bycile repair shop that was created with a microcredit loan. The cute girl told me that she wants to become a Doctor. Her [...]

These are the nicest words I’ve heard today.

I’m doing transit in London, about to board my plane to Chennai, India. I was given the good news in Heathrow Airport (after my flight from Tel Aviv). But, why? Well, it might be because I won a lottery because the plane is empty, or as a good [...]

Economists often refer to an equilibrium called ‘Poverty Trap’ – which is an scenario in which people experience poverty because of facts that are out of their control – thus, staying poor forever.

Without getting too much into the economics, I wanted to share with you an ‘alternative’ explanation of this phenomenon, which I saw in [...]