A Bold Choice for the 2006 Nobel Peace Prize

Just when I want to dismiss the prize and their recipients out of hand, the committeee goes and does this:

The Norwegian Nobel Committee has decided to award the Nobel Peace Prize for 2006, divided into two equal parts, to Muhammad Yunus and Grameen Bank for their efforts to create economic and social development from below. Lasting peace can not be achieved unless large population groups find ways in which to break out of poverty. Micro-credit is one such means. Development from below also serves to advance democracy and human rights.

Muhammad Yunus is a Bangladeshi Economist by training and a Banker / Social Entrepreneur by Profession and a father of microcredit.

Microcredit (any microfinance) is an important tool for bottom-up economic development and should be an integral part of any nation-building/sysadmin activity.

Here are other related links:

Organizations and Markets
The Austrian Economists
The Intangible Economy

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

%d bloggers like this: