Poor Economics (Hardcover)

Poor Economics Book Description

About the Book :

Poor Economics by Abhijit V Banerjee & Esther Duflo takes the readers to the world of poverty. If you ever wondered why poor people make the choices they do, here is a new perspective to it. Poverty can result owing to poor health, poor education that leaves a little scope for bright future.

Book out rightly rejects the popular notion of requirement of big ideas to eradicate poverty. The authors have a strong argument that well structured antipoverty programs can be a success. They illustrate ways to test them, to ensure they work in the real world.

In Poor Economics, Banerjee and Duflo present arguments opposing the standard approach to poverty. This realistic approach to world poverty defies the big picture arguments and idealistic equations put forth by economists. Poor Economics is a far cry from such pseudo opulence, driving home the message that a hypothetical measure is not a solution by itself to eradicate poverty.

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. He has been a Guggenheim Fellow. He has also received the inaugural Infosys Prize (2009) in Social Sciences and Economics. He spends lots of time conducting research surveys in the villages of India, Kenya, Indonesia and other developing nations.

Esther Duflo is the Abdul Latif Jameel Professor of Poverty Alleviation and Development Economics at MIT. Duflo has numerous academic honours and prizes credited to her name that include 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.  She has also conducted research surveys in the villages of India, Kenya, Indonesia and other developing nations.

Book Details

Customer Reviews : Poor Economics

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poor economics made rich  
By harish, 05/12/2011 14:10:44

Poor Economics is extremely impressive; it’s really appealing even to people who lack an in-depth knowledge in economics. My professor recommended me to read this one. Bought it online the same day and it was delivered in a jiffy. I was stuck to it until I finished it. It is edifying and easy to grasp, as it is less technical in terminologies and descriptions. It comprises of anecdotal stories that focuses on the analysis done by authors on Global Poverty. Insightful study is presented on the Micro and Macro issues related to problems of Poverty. There are no certain methods or solutions provided in the book to solve any kind of problems but it makes the readers aware of the why and how this grave problem should be approached. It makes us thinks that traditional ways would no longer work in this current economic scenario. This book for sure will make you think about the change in ideologies. A must read and an asset to your bookshelf.

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