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

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

by Abhijit Banerjee, Esther Duflo
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Overview

Poor Economics: A Radical Rethinking of the Way to Fight Global Poverty by Abhijit Banerjee, Esther Duflo

Why do the poor borrow to save? Why do they miss out on free life-saving immunizations, but pay for unnecessary drugs? In Poor Economics, Abhijit V. Banerjee and Esther Duflo, two practical visionaries working toward ending world poverty, answer these questions from the ground. In a book the Wall Street Journal called “marvelous, rewarding,” the authors tell how the stress of living on less than 99 cents per day encourages the poor to make questionable decisions that feed—not fight—poverty. The result is a radical rethinking of the economics of poverty that offers a ringside view of the lives of the world's poorest, and shows that creating a world without poverty begins with understanding the daily decisions facing the poor.

Product Details

ISBN-13: 9781610391603
Publisher: PublicAffairs
Publication date: 03/27/2012
Sold by: Hachette Digital, Inc.
Format: NOOK Book
Pages: 320
Sales rank: 191,028
File size: 609 KB

About the Author

Abhijit Vinayak Banerjee is the Ford Foundation International Professor of Economics at MIT. He is the recipient of many honors and awards, including most recently the inaugural Infosys Prize in 2009, and has been an honorary advisor to many organizations including the World Bank and the Government of India.
 
Esther Duflo is the Abdul Latif Jameel Professor of Poverty Alleviation and Development Economics at MIT. She is a recipient of the MacArthur “genius” award (2009) and the John Bates Clark medal awarded annually to the best American economist under forty (2012). In 2003, Banerjee and Duflo cofounded the Abdul Latif Jameel Poverty Action Lab (J-PAL), which they continue to direct.

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Poor Economics: A Radical Rethinking of the Way to Fight Global Poverty 4.8 out of 5 based on 0 ratings. 9 reviews.
Anonymous More than 1 year ago
There isn't a single line of filler in this book. Intuitively -organized and well-written, all the information and alalysis in here is extremely interesting and clear even to those not familiar with economics or international development. The vast majority of studies cited in this book are not only cited but linked, making this a must for those who want to specifics, methodologies and figures beyond the more-than-adequate amount provided here.
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.
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keshiekay More than 1 year ago
I bought Poor Economics on a whim and it turned out to be a thought-provoking, balanced argument. It makes economics personally and morally relevant.
Wife More than 1 year ago
Economics put economic theory to the test wuth scientific randomized trials. Some surprising outcomes. A hopeful book.