Podcast 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.

Rick Wartzman is the director of the Drucker Institute at Claremont Graduate University and an Irvine senior fellow at the New America Foundation. He spent the first 20 years of his career as a reporter, editor and columnist for the Wall Street Journal and Los Angeles Times. He is the co-author of the best-seller The King of California: J.G. Boswell and the Making of a Secret American Empire. His new book, Obscene in the Extreme: The Burning and Banning of The Grapes of Wrath, will be published in 2008.

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