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Well-Deserved
Bart Hinkle
October 13, 2006 7:42 AM

The Nobel committee has made some dubious choices for its literature and peace prizes, but in selecting Muhammad Yunus and his Grameen Bank for the peace prize this year, it could not have done better. Yunus should be a hero to every political persuasion. He has helped countless poor people make better lives for themselves, and he has done so through non-violent, non-confiscatory means. He doesn’t take from the rich; he enables people to make themselves rich (or, at least, comparatively so). Perhaps most important, his microcredit endeavors underscore the crucial lesson that economics is not a zero-sum game; asking about the causes of poverty is to misunderstand everything important about it. Poverty isn’t caused; it exists ab initio, without volition on anyone’s part. The proper question is, “What are the causes of wealth?“ Yunus’ answer: A few seeds and a lot of sweat.

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