Book Summary of Poor Economics: rethinking poverty And the ways to end it
Imagine
you have a few million dollars. You want to spend it on the poor. How
do you go about it? 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 about the poor and
the world that are untested generalizations at best, harmful
misperceptions at worst. Abhijit V. Banerjee and Esther Duflo have
pioneered the use of randomized control trials in development economics
through their award-winning Poverty Action Lab. They argue that by using
randomized control trials, and more generally, by paying careful
attention to the evidence, it is possible to make accurate—and often
startling assessments—on what really impacts the poor and what doesn’t.
Why would a man in Morocco who doesn’t have enough to eat buy a
television? Why is it so hard for children in poor areas to learn even
when they attend school? Why do the poorest people in Maharashtra spend 5
percent of their total budget on sugar? Does having lots of children
actually make you poorer? Drawing on their research at the Poverty
Action Lab and their fifteen years of fieldwork in India and across the
world, the two economists ask many such questions and show why the poor,
despite having the same desires and abilities as anyone else, end up
with entirely different lives. Revelatory and impassioned, Poor
Economics is a pathbreaking book that will help you to understand the
real causes of poverty and how to end it.
About The Author
Abhijit Banerjee is the Ford Foundation International Professor of Economics at MIT. He is a fellow of the American Academy of Arts and Sciences and the Econometric Society and has been a Guggenheim Fellow. He has also received the inaugural Infosys Prize (2009) in Social Sciences and Economics.
Esther Duflo is the Abdul Latif Jameel Professor of Poverty Alleviation and Development Economics at MIT. Duflo has received numerous academic honours and prizes including most recently the John Bates Clark Medal (2010) and a MacArthur Fellowship (2009). She has also been featured in Foreign Policy’s Top 100 Global Thinkers and Fortune’s 40 under 40.
About The Author
Abhijit Banerjee is the Ford Foundation International Professor of Economics at MIT. He is a fellow of the American Academy of Arts and Sciences and the Econometric Society and has been a Guggenheim Fellow. He has also received the inaugural Infosys Prize (2009) in Social Sciences and Economics.
Esther Duflo is the Abdul Latif Jameel Professor of Poverty Alleviation and Development Economics at MIT. Duflo has received numerous academic honours and prizes including most recently the John Bates Clark Medal (2010) and a MacArthur Fellowship (2009). She has also been featured in Foreign Policy’s Top 100 Global Thinkers and Fortune’s 40 under 40.
Details of Book: Poor Economics: rethinking poverty And the ways to end it
| Book: | Poor Economics: rethinking poverty And the ways to end it |
| Author: | Abhijit V. Banerjee, Esther Duflo |
| ISBN: | 8184001819 |
| ISBN-13: | 9788184001815,978-8184001815 |
| Binding: | Hardcover |
| Publishing Date: | 2011 |
| Publisher: | Random House India |
| Number of Pages: | 320 |
| Language: | English |
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