In the world of microfinance, interest rate ethics is an important issue, thrown into the limelight by the Initial Public Offering of Compartamos which resulted in millions of dollars of gains, some of which found their way into private pockets. These high gains were based on high interest...

If bankers are treated as wolves, they reply that they cannot behave as dolphins while swimming with sharks. What kind of new games and incentives are required to allow people to modify behavior? Clearly, education as we know it is not the answer for it produces rules that lead to shark like...

The UNDP has set Millennium Goals which include the halving of world poverty by 2015. This can be viewed in the light of enlightened self interest, including noneconomic interest, within the above view. This was translated into reducing by half the number of people living in abject poverty. We...