7/28/08

Ten Policy Lessons from Economics.  These include:   "1. The market economy is the most efficient of all economic systems.  2. Free trade helps economic development. 3. Good institutions help development.  4. The best measure of a good economy is its growth.  6. Monetary stability, too, is necessary for growth; inflation is always harmful."

posted July 28, 2008 at 2:20 p.m.

 

Growing Demand for Free Food from Food Banks.  In California's San Fernando Valley.

posted July 28, 2008 at 11:40 a.m.

 

Cost Benefit Analysis and the Approaches to World Hunger.    Bjorn Lomborg discusses the use of cost-benefit analysis. 

"Providing micronutrients -- particularly vitamin A and zinc -- to 80% of the 140 million or so undernourished children in the world would require a commitment of just $60 million annually, a small fraction of the billions spent each year battling terrorism or combating climate change. The economic gains from improved productivity and a lower burden on the health system would eventually clear $1 billion a year. Every dollar spent, therefore, would generate economic benefits worth $17.Investing in research to make technological improvements to developing-country agriculture provides the opportunity to improve access to micronutrients. It also reduces the cost of food by increasing the incomes of landless laborers. Biofortification can be achieved through genetic modification, or through other methods. Spending $60 million a year would be enough to develop two staple crops such as rice and wheat fortified with micronutrients for about 40 countries across South Asia and sub-Saharan Africa.  The improved nutrition would lead to higher productivity and fewer health problems. Each extra dollar spent would generate economic benefits worth $16."

posted July 28, 2008 at 11:00 a.m.