Poor Economics, Abhijit V. Banerjee
Poor Economics, Abhijit V. Banerjee
9 Rating(s)
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Poor Economics
A Radical Rethinking of the Way to Fight Global Poverty

Author: Abhijit V. Banerjee, Esther Duflo

Narrator: Brian Holsopple

Unabridged: 11 hr 30 min

Format: Digital Audiobook Download

Published: 01/03/2012


Synopsis

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 that are untested generalizations at best, harmful misperceptions at worst.
 
Abhijit Banerjee and Esther Duflo have pioneered the use of randomized control trials in development economics. Work based on these principles, supervised by the Poverty Action Lab, is being carried out in dozens of countries. Drawing on this and their 15 years of research from Chile to India, Kenya to Indonesia, they have identified wholly new aspects of the behavior of poor people, their needs, and the way that aid or financial investment can affect their lives. Their work defies certain presumptions: that microfinance is a cure-all, that schooling equals learning, that poverty at the level of 99 cents a day is just a more extreme version of the experience any of us have when our income falls uncomfortably low.
 
This important book illuminates how the poor live, and offers all of us an opportunity to think of a world beyond poverty.

Reviews

Goodreads review by Ronald on December 01, 2019

Poor Economics doesn't simply offer a unilateral view of how to fight global poverty; rather, this book offers views from both sides of the foreign aid debate (i.e. Sachs v. Easterly) and provides examples of different organizations that have dealt with attacking poverty on both small and large scal......more

Goodreads review by Apoorva on December 08, 2021

"Poor Economics" was one of the most enlightening books I had the pleasure of devouring this year. I'm neither an economics student nor do I profess to have any knowledge regarding the subject. What I have is a keen interest in everything unknown to me. And, this was book sure opened me up to a new......more

Goodreads review by Andy on January 03, 2022

Disappointing. I was very eager to read about rigorous studies that determine what works for fighting poverty. But the authors somehow kept getting off track from this desperately important concept. I still think the work of the Poverty Action Lab is very interesting, but this is just not an excitin......more

Goodreads review by Piyush on November 26, 2023

Although I ain't an economics student, I picked this book to expand my world view. And I'd say that it has been quite helpful in doing so, given the fundamental insights that it offers. Poor Economics is a well - researched and extensive discourse that contextualizes the realities of the lives of th......more

Goodreads review by Scott on October 02, 2018

So. This is an economics book. (A rumbling sound is heard as ninety percent of the people reading this review frantically jiggle their mice in an effort to click another link on this page. Any link. Even an ad for laundry detergent.) Ok, hello to the two remaining readers out there. Thank you for stic......more