Effective vs. Efficient
I’m reading William MacAskill’s “Doing Good Better: How Effective Altruism Can Help You Help Others, Do Work that Matters, and Make Smarter Choices about Giving Back.”
In Chapter 7, MacAskill argues that the accepted approach of judging a charity by how much of its donations go towards program spending relative to administrative costs would need more finesse.
Instead of focusing on cost efficiency, he suggests a series of five criteria:
