Title | : | The Nobel Laureates Guide to the Smartest Targets for the World 2016-2030 |
Author | : | |
Rating | : | |
ISBN | : | - |
Language | : | English |
Format Type | : | Kindle Edition |
Number of Pages | : | 155 |
Publication | : | Published November 1, 2015 |
The Nobel Laureates Guide to the Smartest Targets for the World 2016-2030 Reviews
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I really believe Bjorn's work and any work related to prioritizing the worlds issues is crucial for humanity. Therefore I am a big fan of anyone putting effort in this endeavor.
In regards to the book, I liked it , I think Bjorn does a good job of analyzing the best bang for the buck we can have as humanity to alleviate poverty "the worst form of violence". Where I think he fails is in give a clear understanding of how the benefits of spending X dollars are calculated. For example: He states that "As well as the perils of prematurity, birth complications and sepsis are significant causes of deaths of young babies. Proper care can have a really big impact, but it costs money to build more clinics and train and pay more doctors and nurses: about $14 billion a year to hit the target of a 70% reduction in neonatal deaths, according to estimates. That sounds a lot, but the benefits are much bigger at more than $120 billion annually. For each dollar spent, we will help the world’s newborn about $9"
How is this $9 calculated we never know, how are human quality years calculated in usd is never known. So I think first a clear consensus and understanding on this is a crucial foundation on where to build from.
Having no idea how these benefits are calculated is hard to have great confidence in his proposals. Even though these calculations were supposedly done by the best economists we still need to see their calculations, even just a diagram or whatever. We need clearer thinking in this regard if we want these ideas to reach the mainstream and to make it easy and reliable to anybody that needs to hear them.