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    Poor Economics: Barefoot Hedge-fund Managers, DIY Doctors and the Surprising Truth About Life on Less Than $1 a Day (Penguin Press) (Paperback) By (author) Abhijit Banerjee, By (author) Esther Duflo

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    DescriptionThis title is winner of the FT Goldman Sachs Business Book of the Year Award 2011. 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? Does having lots of children actually make you poorer? This eye-opening 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. Looking at some of the most paradoxical aspects of life below the poverty line - why the poor need to borrow in order to save, why incentives that seem effective to us may not be for them, and why, despite being more risk-taking than high financiers, they start businesses but rarely grow them - Banerjee and Duflo offer a new understanding of the surprising way the world really works.


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  • Full bibliographic data for Poor Economics

    Title
    Poor Economics
    Subtitle
    Barefoot Hedge-fund Managers, DIY Doctors and the Surprising Truth About Life on Less Than $1 a Day
    Authors and contributors
    By (author) Abhijit Banerjee, By (author) Esther Duflo
    Physical properties
    Format: Paperback
    Number of pages: 320
    Width: 128 mm
    Height: 196 mm
    Thickness: 22 mm
    Weight: 240 g
    Language
    English
    ISBN
    ISBN 13: 9780718193669
    ISBN 10: 0718193660
    Classifications

    BIC E4L: ECO
    Nielsen BookScan Product Class 3: S4.4T
    BIC subject category V2: KCB
    BISAC V2.8: SOC045000
    BIC subject category V2: JFFA, KCM
    Ingram Subject Code: BE
    Libri: ENGM8000
    BISAC V2.8: BUS039000
    Warengruppen-Systematik des deutschen Buchhandels: 27830
    BISAC V2.8: BUS069000
    DC22: 339.4
    BISAC V2.8: BUS068000
    Libri: ENTW6500, P0041408, POLI2026, ARMU5000
    BISAC V2.8: SOC042000
    DC23: 339.46
    Thema V1.0: JBFC, JBFD, KCM, KCB
    Publisher
    Penguin Books Ltd
    Imprint name
    Penguin Books Ltd
    Publication date
    29 March 2012
    Publication City/Country
    London
    Author Information
    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 quote
    Poor Economics is making waves ... refreshingly original, wonderfully insightful ... an entirely new perspective Guardian A marvellously insightful book by two outstanding researchers on the real nature of poverty -- Amartya Sen It has been years since I read a book that taught me so much -- Steven D. Levitt 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 A compelling and important read Forbes An engrossing new book Economist Marvellous ... they deserve to be congratulated, and to be read Wall Street Journal