MethodLogical is now at methodlogical.wordpress.com

MethodLogical is now at methodlogical.wordpress.com

Due to some persistent technical issues we've been having with Blogger, we're now posting at methodlogical.wordpress.com. Please update your RSS feeds, etc. For the time being, our new posts will automatically be mirrored here, but you'll have to visit the new site to comment.

Saturday, February 19, 2011

MethodLogical

MethodLogical


Things I still find surprising

Posted: 18 Feb 2011 11:32 AM PST

In economics it can be easy to get so caught up in the data and your analysis that you don’t stop and really look at it. I just did, and it blew my mind. In the sample of men from rural Malawi that I’m currently using, the average person is living off of 166 Kwacha per day. Adjusted for purchasing power that’s $3 for an entire household. The median is even worse, at $1.80. That’s substantially less than what I spend on a single meal.

These people are very poor.