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Poor Economics
Poor Economics: A Radical Rethinking of the Way to Fight Global Poverty | Abhijit Banerjee, Esther Duflo
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.
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review
Adil_khan
Mehso-so

A marvellous book by two outstanding researchers on the nature of poverty and how to end it.
#pooreconomics #abhijitbanarjee #december #economics #2021

quote
Adil_khan

The poor get poorer, and the rich get richer and even get better, and stronger and even richer and the gap keeps increasing.

2 likes1 comment
review
EliReads
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Pickpick

Heavy. But a good read. This books dives deep into the intricate issues poor people (less than $1/day) face across the globe. Highlights common stereotypes that we place on the poor and proves them or myth busts them sometimes showing how harmful the wrong stereotypes can be. I won‘t lie, I felt really overwhelmed by this book. There are so many problems all requiring individualized and detailed solutions. Overall good stuff!

2 likes1 stack add
blurb
GlassAsDiamonds
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The crowd is chaos for this session but he‘s a Nobel laureate so... fascinating presentation. His team‘s research found no correlation between pricing and use so they thoroughly debunked the theory that people should be forced to pay for mosquito nets to keep their kids safe because then they‘d use them. Malaria deaths have dropped over 25% world wide as a result of the mindset shift that now gives out the nets). Vital, wonderful work.

quote
Roberta
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"Hablar de los problemas del mundo sin hablar de algunas soluciones factibles nos lleva más a la parálisis que al progreso."
Repensar la pobreza.
Esther Duflo y Abhijit Banerjee.
?

quote
Roberta

"Hablar de los problemas del mundo sin hablar de algunas soluciones factibles nos lleva más a la parálisis que al progreso."
Repensar la pobreza.
Esther Duflo y Abhijit Banerjee.
?