Gnomonomics

Now this is the kind of analogy I wish I could come up with in class more often. Lawrence White at Division of Labour examines the similarities between the Underpants Gnomes from South Park and Jeffrey Sachs’ plan for enriching sub-Saharan Africa. While his take is interesting in and of itself, there's a bigger point being made -- whether it's a relief plan or a business plan, it's important to think through all the intervening steps from beginning to end.

Of course, if you merely want to see a South Park clip with the gnomes in it, click here.

HT: Econlog.