"This book tells the story of Fazle Hasan Abed (1936-2019), a former finance executive with almost no experience in relief aid who founded BRAC in 1972. Abed's methods have changed the way global policymakers think about poverty."

One of the central claims of the new generation of neoliberal economists that emerged in the 1960s, especially in the USA, was that market-driven private sector financial institutions were by far the most effective at intermediating capital into the most productive uses (Friedman, 1962; McKinnon,...