Poor Economics: A Radical Rethinking of the Way to Fight Global Poverty (Paperback)
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Short Description for Poor Economics From the award-winning founders of the Abdul Latif Jameel Poverty Action Lab at MIT, a transformative reappraisal of the world of the extreme poor, their lives, desires, and frustrations.
- Published: 12 April 2012
- Format: Paperback 303 pages
- ISBN 13: 9781610390934 ISBN 10: 1610390938
- Sales rank: 7,841
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Full description for Poor Economics
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.