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The Micromagic of Microcredit

Karol C. Boudreaux, Mercatus Center at George Mason University
Tyler Cowen, George Mason University

Abstract

The millions of tiny loans microcredit banks make to the world's poor do not work the miracles some advocates claim. But like the Wizard of Oz, microcredit doesnot need to be magic to do a great deal of good.

Suggested Citation

Karol C. Boudreaux and Tyler Cowen. "The Micromagic of Microcredit" The Wilson Quarterly 32.1 (2008): 27-31.