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Poor Economics

by Abhijit Banerjee and Esther Duflo

  • Paperback
    $17.59
PUBLISHED: 29th March 2012
ISBN: 9780718193669
ANNOTATION:
Why would a man in Morocco who doesn't have enough to eat buy a television? Why do the poorest people in India spend 7 percent of their food budget on sugar? This book overturns the myths about what it is like to live on very little, revealing the unexpected decisions that millions of people make every day.
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OTHER FORMATS:
  • Paperback
    $17.59
PUBLISHED: 29th March 2012
ISBN: 9780718193669
ANNOTATION:
Why would a man in Morocco who doesn't have enough to eat buy a television? Why do the poorest people in India spend 7 percent of their food budget on sugar? This book overturns the myths about what it is like to live on very little, revealing the unexpected decisions that millions of people make every day.

Annotation

Why would a man in Morocco who doesn't have enough to eat buy a television? Why do the poorest people in India spend 7 percent of their food budget on sugar? This book overturns the myths about what it is like to live on very little, revealing the unexpected decisions that millions of people make every day.

Publisher Description

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.

Author Biography

Abhijit Vinayak Banerjee is currently the Ford Foundation International Professor of Economics at MIT. He is the recipient of many awards, including 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 Abdul Latif Jameel Professor of Poverty Alleviation and Development Economics in the Department of Economics at MIT. She has received numerous honors and prizes including a John Bates Clark Medal for the best American economist under 40 in 2010, a MacArthur 'genius' Fellowship in 2009. Together with Abhijit Banerjee and Sendhil Mullainathan of Harvard University, she founded the Abdul Latif Jameel Poverty Action Lab in 2003.

Review

Marvellous . . . they deserve to be congratulated, and to be read Wall Street Journal An engrossing new book Economist A compelling and important read Forbes A page-turner about the micro-economics of aid policy might not sound too probable, but that's what [Banerjee and Duflo] have written, and it is a truly remarkable book . . . unmistakably contemporary, written beautifully Guardian It has been years since I read a book that taught me so much -- Steven D. Levitt A marvellously insightful book by two outstanding researchers on the real nature of poverty -- Amartya Sen Poor Economics is making waves . . . refreshingly original, wonderfully insightful . . . an entirely new perspective Guardian

Review Text

Poor Economics is making waves . . . refreshingly original, wonderfully insightful . . . an entirely new perspective

Review Quote

Poor Economics is making waves . . . refreshingly original, wonderfully insightful . . . an entirely new perspective

Product Details

Author
Abhijit Banerjee, Esther Duflo
Publisher
Penguin Books Ltd
Year
2012
ISBN-10
0718193660
ISBN-13
9780718193669
Format
Paperback
Country of Publication
United Kingdom
Media
Book
Short Title
POOR ECONOMICS
Language
English
Series
Penguin Press
Illustrations
Illustrations
Pages
320
Publication Date
2012-03-29
Subtitle
The Surprising Truth about Life on Less Than $1 a Day
Audience
General/Trade