October 16, 2006
Dr. Muhammad Yunus and Grameen Bank
Last Friday the Norwegian Parliamentary Committee that selects the Nobel Peace Prize awarded that prize to Dr. Muhammed Yunus and the Grameen Bank of Bangladesh. Yunus and the Grameen Bank pioneered the modern movement for "microloans" -- modest loans to poor entrepreneurs in developing countries. The Wall Street Journal has a nice article about Dr. Yunus, who has a Ph.D. in economics from Vanderbilt University. Tyler Cowen had a nice column about microloans in The New York Times in August. Dr. Yunus also had an interesting op-ed piece in The Wall Street Journal about the advisability of microloans in the Gulf States in the wake of Hurricane Katrina.
October 16, 2006 | Permalink
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