Michael Wolraich: Cash provokes a lot of these questions that i think we should be asking about all interventions. In the last ten 20 years it appears to me that the us. Labor market doesn't work as dynamically as it has in the past. And so these short term adjustments may be much longer term, and may be need to be taken more seriously by economists. By David otter, interveed on this programme about this.
Economic theory teaches that people make choices that provide them with the greatest benefit. So why not extend this idea to the realm of charity? Economists and social entrepreneurs Michael Faye and Paul Niehaus of GiveDirectly argue that giving people cash with no strings attached is the most cost-effective means of helping the poorest people in the world and their communities.