Due Diligence: An Impertinent Inquiry into Microfinance
by David Roodman
ISBN 13: 978-1933286488
Book description

The idea that small loans can help poor families build businesses and exit poverty has blossomed into a global movement. The concept has captured the public imagination, drawn in billions of dollars, reached millions of customers, and garnered a Nobel Prize. Radical in its suggestion that the poor are creditworthy and conservative in its insistence on individual accountability, the idea has expanded beyond credit into savings, insurance, and money transfers, earning the name microfinance. But is it the boon so many think it is? Readers of David Roodman's openbook blog will immediately recognize his thorough, straightforward, and trenchant analysis. Due Diligence , written entirely in public with input from readers, probes the truth about microfinance to guide governments, foundations, investors, and private citizens who support financial services for poor people. In particular, it explains the need to deemphasize microcredit in favor of other financial services for the poor.


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How to Do the Most Good
Do we actually know how much good our charitable donations do? This is the question that jump-started Holden Karnofsky’s current career. He was working at a hedge fund and wanted to figure out how to give his money away with the certainty that it would save as many lives as possible. But he couldn’t find a service that would help him do that, so he and his co-worker Elie Hassenfeld decided to quit their jobs to build one. The result was GiveWell, a nonprofit that measures the effectiveness of different charities and recommends the ones it is most confident can save lives with the least cost. Things like providing bed nets to prevent malaria and treatments to deworm schoolchildren in low-income countries. But in recent years, Karnofsky has taken a different approach. He is currently the co-C.E.O. of Open Philanthropy, which operates under the same basic principle — how can we do the most good possible? — but with a very different theory of how to do so. Open Phil’s areas of funding range from farm animal welfare campaigns and criminal justice reform to pandemic preparedness and A.I. safety. And Karnofsky has recently written a series of blog posts centered around the idea that, ethically speaking, we’re living through the most important century in human history: The decisions we make in the coming decades about transformational technologies will determine the fate of trillions of future humans. In all of this, Karnofsky represents the twin poles of a movement that’s come to deeply influence my thinking: effective altruism. The hallmark of that approach is following fundamental questions about how to do good through to their conclusions, no matter how simple or fantastical the answers. And so this is a conversation, at a meta-level, about how to think like an effective altruist. Along the way, we discuss everything from climate change to animal welfare to evaluating charities to artificial intelligence to the hard limits of economic growth to trying to view the world as if you were a billion years old. You probably won’t agree with every prediction in here, but that is, in a way, the point: We live in a weird world that’s only getting weirder, and we need to be able to entertain both the obvious and the outlandish implications. What Karnofksy’s career reveals is how hard that is to actually do.
Holden Karnofsky Oct. 5, 2021 3 books recommended
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by @zachbellay