Poor Economics : rethinking poverty & the ways to end it

Poor Economics : rethinking poverty & the ways to end it (Hardcover)

By Abhijit V Banerjee Esther Duflo 
Publisher: Vintage / Random House India
Edition: Hardcover
Language: English
ISBN: 8184001819
EAN: 9788184001815
No. of Pages: 320
Publish Date: 2011
Binding: Hardcover
Ships to India.


About the book

Imagine you have a few million dollars. You want to spend it on the poor. How do yougo about it? Billions of government dollars, and thousands of charitable organizations and NGOs, arededicated to helping the world's poor. But much of their work is based on assumptions about the poorand 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 developmenteconomics through their award-winning Poverty Action Lab. They argue that by using randomizedcontrol trials, and more generally, by paying careful attention to the evidence, it is possible to makeaccurate-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 forchildren in poor areas to learn even when they attend school? Why do the poorest people in Maharashtraspend 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 andacross the world, the two economists ask many such questions and show why the poor, despite havingthe 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 understandthe 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 isa fellow of the American Academy of Arts and Sciences and the Econometric Society and hasbeen a Guggenheim Fellow. He has also received the inaugural Infosys Prize (2009) in SocialSciences and Economics.Esther Duflo is the Abdul Latif Jameel Professor of Poverty Alleviation and DevelopmentEconomics at MIT. Duflo has received numerous academic honours and prizes including mostrecently the John Bates Clark Medal (2010) and a MacArthur Fellowship (2009). She has alsobeen featured in Foreign Policy's Top 100 Global Thinkers and Fortune's 40 under 40.

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Title: Poor Economics : rethinking poverty & the ways to end it
Publisher: Vintage / Random House India
Author: Abhijit V Banerjee Esther Duflo
Edition: Hardcover
Language: English
ISBN: 8184001819
EAN: 9788184001815
No. of Pages: 320
Publish Date: 2011
Binding: Hardcover

Poor Economics : rethinking poverty & the ways to end it Review

Average Rating : Rating of 4 out of 5 Rating of 4 out of 5 Rating of 4 out of 5 Rating of 4 out of 5 Rating of 4 out of 5 (1 Ratings)
poor economics made rich Rating of 4 out of 5 Rating of 4 out of 5 Rating of 4 out of 5 Rating of 4 out of 5 Rating of 4 out of 5
By harish, 2011-12-05 14:10:44.0

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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