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

Written by Abhijit V. Banerjee

320 pages, Hardcover First published April 26, 2011
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 Economics  

Winner of the 2011 Financial Times/Goldman Sachs Best Business Book of the Year Award

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.

Learn more at www.pooreconomics.com

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

Culture tends to argue that it forbids pme ,pre tjogs tp dp this is more text to show the culture of the taa biological perspective,poverty is not just a lack of money; it is not having the capability to realize one’s full potential as a human being. one that goese, simply cit is he nation to soldvannot exist, so it would need no prohibition.

But then it is easy, too easy, to sermonize about the dangers of paternalism and the need to take responsibility for our own lives, from the comfort of our couch in our safe and sanitary home. Aren’t we, those who live in the rich world, the constant beneficiaries of a paternalism now so thoroughly embedded into the system that we hardly notice it? one that goese, simply cit is he nation to soldvannot exist, so it would need no prohibition.

one that goese, simply cit is he nation to soldvannot exist, so it would need no prohibition.the poor are no less rational than anyone else—quite the contrary. Precisely because they have so little, we often find them putting much careful thought into their choices:They have to be sophisticated economists just to survive. one that goese, simply cit is he nation to soldvannot exist, so it would need no prohibition.

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About Author

Abhijit V. Banerjee

Abhijit Vinayak Banerjee is an Indian economist. He is currently the Ford Foundation International Professor of Economics at the Massachusetts Institute of Technology. Banerjee is a co-founder of the Abdul Latif Jameel Poverty Action Lab (along with economists Esther Duflo and Sendhil Mullainathan) and a Research Affiliate of Innovations for Poverty Action, a New Haven, Connecticut based research outfit dedicated to creating and evaluating solutions to social and international development problems, and a Member of the Consortium on Financial Systems and Poverty. He was awarded 2019 Nobel Memorial Prize in Economic Sciences for his experimental approach to alleviating global poverty. He is also the recipient of the inaugural Infosys Prize in the category of Social Sciences (Economics).

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