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When I was in high school, my economics class read The End of Poverty by Jeffrey Sachs. The book is a passionate appeal to help those living in the worst poverty in the world. Sachs writes that we should not worry too much about the people in second-to-last place, such as the poorly paid workers in labor-intensive industries who were then the focus of considerable debate and activism on U.S. college campuses. Sweatshop workers, Sachs conceded, were on the bottom rung of the ladder. But subsistence farmers were not on the ladder at all. Once we helped them get a foothold, they could begin asc...

It was April 1964, and a new military government had seized power in a coup d’état and removed Furtado from his government post, labeling him a communist. The invitation the journalist delivered was from Yale’s economics department, proposing that Furtado come spend the first year of his exile in New Haven as a visiting professor and scholar at the Economic Growth Center (EGC). Faced with the prospect of arrest for any public activity in Brazil over the next ten years and knowing that many of his former employees had already been detained, Furtado accepted Yale’s offer. Early life and ...

By Lisa Qian January 7, 2021 Share this with FacebookShare this with TwitterShare this with LinkedInShare this with EmailPrint this Paul Kuznets (second from left) with colleagues from the Bank of Korea during the 1966-67 academic year as part of the Country Studies program. Photo courtesy Paul Kuznets. United Nations consultant, algorithmic stock trader, chief economist of the Office of Management and Budget, Marxist theorist. These are just some of the jobs held by the alumni of the Country Studies program, the flagship research agenda of Yale’s Economic Growth Center (EGC). When the EGC ...