Poor Economics: A Radical Rethinking of the Way to Fight Global PovertyThe winners of the Nobel Prize in Economics upend the most common assumptions about how economics works in this gripping and disruptive portrait of how poor people actually live. 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 award-winning MIT professors, answer these questions based on years of field research from around the world. Called "marvelous, rewarding" by the Wall Street Journal, the book offers a radical rethinking of the economics of poverty and an intimate view of life on 99 cents a day. Poor Economics shows that creating a world without poverty begins with understanding the daily decisions facing the poor. |
Contents
Think Again Again | 1 |
A Billion Hungry People? | 19 |
LowHanging Fruit for Better Global Health? | 41 |
Top of the Class | 71 |
Pak Sudarnos Big Family | 103 |
Barefoot HedgeFund Managers | 133 |
Saving Brick by Brick | 183 |
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Poor Economics: A Radical Rethinking of the Way to Fight Global Poverty Abhijit V. Banerjee,Esther Duflo No preview available - 2025 |
Common terms and phrases
Abhijit Banerjee American Economic Angus Deaton areas asked average Bangladesh bed nets better borrow calories child chlorine clients contraception cost Côte d’Ivoire default developing countries doctors earn economists effect eighteen-country data set Esther Duflo Evaluation Evidence example fact farmers fertilizer girls households immunization income increase India Indonesia institutions interest rates invest Jeffrey Sachs Jonathan Robinson Journal Kenya lending less lives loan malaria MFIs Michael Kremer microcredit microfinance million moneylenders Muhammad Yunus nurses Padmaja parents Pascaline Pascaline Dupas percent political poverty trap Pratham private schools problem Randomized repay result richer risk rupees rupiah rural S-shape Sachs Seva Mandir social someone Spandana spend started teachers things tion Udaipur USD PPP village William Easterly women World Bank