Creating a World without Poverty | Los Angeles Public Library
Print this page

Creating a World without Poverty

In conversation with Rick Wartzman
Tuesday, January 15, 2008
Episode Summary
What if you could harness the power of the free market to solve the problems of poverty, hunger, and inequality? To some, it sounds impossible. But the Nobel Peace Prizewinner who invented micro-credit is doing exactly that. Yunus's \"Next Big Idea\" offers a pioneering model for nothing less than a new, more humane form of capitalism.

Participant(s) Bio
Muhammad Yunus was born in Chittagong, a seaport in Bangladesh. The third of fourteen children, he was educated at DhakaUniversity and was awarded a Fulbright scholarship to study economics at Vanderbilt University. He then served as chairman of the economics department at Chittagong University before devoting his life to providing financial and social services to the poorest of the poor. He is the founder and managing director of Grameen Bank and the author of the bestselling Banker to the Poor. Yunus and Grameen Bank are winners of the 2006 Nobel Peace Prize.