Jonathan Morduch

Jonathan Morduch has taught at NYU since 2000, where he is a Professor of Public Policy and Economics. He focuses on finance and development. He is also the Managing Director of the Financial Access Initiative, a consortium of leading development economists focused on substantially expanding access to quality financial services for low-income individuals. The 2nd edition of his co-authored book, The Economics of Microfinance (MIT Press) was just released. The book develops a policy-focused research agenda, and is described by Thomas Easton of The Economist as: "The single best book on the economics of banking and finance, period..." Morduch's ongoing work on social investment, financed by the Ford Foundation applies insights from the modern theory of corporate finance to develop new understandings of the limits and possibilities of markets and philanthropy. Morduch is currently chair of the United Nations Committee on Poverty Statistics, advises Pro Mujer, and is a member of SafeSave in Dhaka. He is a member of the Editorial Board of the World Bank Economic Review and of the UN Advisors Group on Inclusive Financial Sectors. His views on finance and development have been reported by the New York Times, The New Yorker, CNN, Wall Street Journal, Los Angeles Times, Washington Post, Associated Press, and other organizations. He holds a BA from Brown and Ph.D. from Harvard, both in Economics. In January 2009 Morduch was awarded a Doctorate Honoris Causa from the Universite Libre de Bruxelles. He is the co-author of Portfolios of the Poor: How the World's Poor Live on $2 a Day (Princeton Press).