Professor Raymond Fisman is Lambert Family Professor of Social Enterprise the incoming director of the Social Enterprise Program at Columbia Business School. His latest book Economic Gangsters: Corruption, Violence, and the Poverty of Nations tackles the issue of economic development and the impact of corruption, ranging from the Suharto regime in Indonesia to UN diplomats in New York. In this interview, Professor Fisman discusses intriguing points from Economic Gangsters, such as different types of corruption and the cause of corruption. He also shares his views on the effectiveness of foreign aid, risks associated with bailout packages, and the role of economists in reducing corruption.
View Video: The root of corruption in poor countries and the "rational gangster" (1:26)
View Video: Al Capone as a rational economic gangster (0:32)
View Video: Other examples of rational economic gangsters in the international development space (0:21)
View Video: Different types of corruption: Is the cure worse than the disease? (1:21)
View Video: Corruption norms: Evidence from parking ticket violations (1:51)
View Video: Reflections on linkages between foreign aid and corruption (1:17)
View Video: Safeguarding bailout plans and policies from "money grabbing" and other fraud (1:47)
View Video: Advocating greater collaboration between government and researchers (1:09)
View Video: Future research focused on "generosity in times of crisis" (0:34)
