Poor Economics: A Radical Rethinking of the Way to Fight Global Poverty

Poor Economics: A Radical Rethinking of the Way to Fight Global Poverty

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by Abhijit Banerjee, Esther Duflo
     
 

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ISBN-10: 1586487981

ISBN-13: 9781586487980

Pub. Date: 04/26/2011

Publisher: PublicAffairs

Billions of government dollars, and thousands of charitable organizations and NGOs, are dedicated to helping the world's poor. But much of their work is based on assumptions that are untested generalizations at best, harmful misperceptions at worst.

Abhijit Banerjee and Esther Duflo have pioneered the use of randomized control trials in development economics.

Overview

Billions of government dollars, and thousands of charitable organizations and NGOs, are dedicated to helping the world's poor. But much of their work is based on assumptions that are untested generalizations at best, harmful misperceptions at worst.

Abhijit Banerjee and Esther Duflo have pioneered the use of randomized control trials in development economics. Work based on these principles, supervised by the Poverty Action Lab, is being carried out in dozens of countries. Drawing on this and their 15 years of research from Chile to India, Kenya to Indonesia, they have identified wholly new aspects of the behavior of poor people, their needs, and the way that aid or financial investment can affect their lives. Their work defies certain presumptions: that microfinance is a cure-all, that schooling equals learning, that poverty at the level of 99 cents a day is just a more extreme version of the experience any of us have when our income falls uncomfortably low.

This important book illuminates how the poor live, and offers all of us an opportunity to think of a world beyond poverty.

Product Details

ISBN-13:
9781586487980
Publisher:
PublicAffairs
Publication date:
04/26/2011
Pages:
320
Product dimensions:
9.32(w) x 6.44(h) x 0.40(d)

Table of Contents

Foreword vii

1 Think Again, Again 1

Part I Private Lives

2 A Billion Hungry People? 19

3 Low-Hanging Fruit for Better (Global) Health? 41

4 Top of the Class 71

5 PakSudarno's Big Family 103

Part II Institutions

6 Barefoot Hedge-Fund Managers 133

7 The Men from Kabul and the Eunuchs of India: The (Not So) Simple Economics of Lending to the Poor 157

8 Saving Brick by Brick 183

9 Reluctant Entrepreneurs 205

10 Policies, Politics 235

In Place of a Sweeping Conclusion 267

Acknowledgments 275

Notes 277

Index 295

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Poor Economics: A Radical Rethinking of the Way to Fight Global Poverty 5 out of 5 based on 0 ratings. 1 reviews.
RolfDobelli More than 1 year ago
After decades of effort, billions of dollars, thousands of aid workers and hundreds of antipoverty programs, 865 million people still barely survive on the equivalent of less than a dollar a day. But that can change, one small clinic, one incentive and one schoolroom at a time according to this eye-opening work – The Financial Times/Goldman Sachs’ business book of the year for 2011. Authors and MIT economic researchers Abhijit V. Banerjee and Esther Duflo report field-tested experiments showing that lifting the world’s poor into a more comfortable, productive life is possible, mostly with relatively simple changes, not masses of money. They call for understanding the human behaviors and motivations that drive all people, rich and poor alike, and apply that understanding to solving the seemingly overwhelming, intractable problem of global poverty. getAbstract strongly recommends this highly accessible yet scientific account of how to make life better for millions of people, while enabling the poor to contribute to the world’s economic and social progress.