Microcredit

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Therehas been of late a fascinating outbreak of discussion of microfinance at MarginalRevolution.

The first time I wrote of microcredit in thisblog, in December2010, I noted that Muhammad Yunuswas generally considered its father, Grameen Bank was the DNA, and Bangladeshwas the cradle.
I reported in that and a followingentry on a controversy over a particular transfer of funds from GrameenBank to Grameen Kalyan, a sister organization.
Half a year later I returned to the subject and referenced effortsto extend the basic model to the US.
A lot of newsy water has passed under the bridge since then. Thesignificance of the discussion at Marginal Revolution, though, is that it takesour attention away from Yunis, away even from the 20^th and 21^stcenturies, and asks us to think of microfinance/microcredit with a much longerlife.  Jonathan Swift gently rocked itscradle in 18^th century Ireland. That discussion will in turn direct you to this book.Happy reading.