Dambisa Moyo Quotes
I was initially very interested in public policy, but then after my masters at Harvard, I felt that it was important to get a better handle on the economics of it as well. I did my Ph.D. in macroeconomics, and my thesis - 'Why Is It That Some Countries Save And Others Not?' - was on savings.
Moyo, Dambisa. Interview by Decca Aitkenhead. "Dambisa Moyo: The aid worker's worst nightmare." The Guardian, 19 Feb. 2009.
Mises defines government revenue in such a manner that it always relly belonged to individuals, therefore when government invests in enterprises that accumulate capital via profits, Mises does not consider it capital accumulation. One counterexample of this point is the George Washington Bridge in New York, built in Mises lifetime by Robert Moses of the New York Port Authority. The tolls on the bridge paid off the bondholders who financed much of the initial construction. But then capital started to accumulate at such a rapid rate that Moses was able to build other capital projects ranging from highways to the World Trade Center Buildings with capital constantly accumulated. The New York Port Authority under Moses generated more capital appreciation than any corporation that had been in existence at that point. And he could not even sell stock. However, the Port Authority and a few others were exceptions. Generally government did was unable to accumulate capital in its enterprises.
Dambisa Felicia Moyo is a Zambian economist and author who analyzes the macroeconomy and global affairs. She currently serves on the boards of Chevron Corporation and the 3M Company. She worked for two years at the World Bank and eight years at Goldman Sachs before becoming an author and international public speaker. She has written four New York Times bestselling books: Dead Aid: Why Aid Is Not Working and How There Is a Better Way for Africa (2009), How the West Was Lost: Fifty Years of Economic Folly – And the Stark Choices that Lie Ahead (2011), Winner Take All: China's Race for Resources and What It Means for the World (2012), and the most recent Edge of Chaos: Why Democracy Is Failing to Deliver Economic Growth – and How to Fix It (2018). She holds a bachelor's degree in chemistry and an MBA from American University, an MPA from the Harvard Kennedy School, and a DPhil in economics from the University of Oxford.
