Imagine you have a few billion dollars and want to spend it on the poor. How do you go about it? 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 about the poor and 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 (RCTs) in development economics through their award-winning Poverty Action Lab. They argue that by using RCTs and more generally, by paying careful attention to the evidence, it is possible to make accurate and often startling assessments on what really impacts the poor and what doesn't. Revelatory and impassioned, Poor Economics is a pathbreaking book that will help you to understand the real causes of poverty and how to end it.
Product Details
- Paperback: 464 pages
- Publisher: Penguin Books; Latest edition (1 January 2013)
- Language: English
- ISBN-10: 9788184002805
- ISBN-13: 978-8184002805
- ASIN: 8184002807
- Product Dimensions: 29 x 20 x 3 cm
About the Author
Abhijit Banerjee is the Ford Foundation International Professor of Economics at MIT and the author of Poor Economics. He has been named as one of Foreign Policy magazine's top 100 global thinkers and has served on the U.N. Secretary-General's panel on the Post-2015 Development Agenda.
Esther Duflo is the Abdul Latif Jameel Professor of Poverty Alleviation and Development Economics at MIT and the author of Poor Economics. Duflo is a member of the American Academy of Arts and Science, and has received numerous academic honors and prizes including the Infosys Prize, the Dan David Prize, a John Bates Clark Medal, and a MacArthur "Genius Grant" Fellowship.Review
“Poor Economics stands out in the literature on development economics in that it stays away from the ‘big questions’ to investigate the incredibly multi-faceted and complex lives of the poor, and imagines the policies that could have a real impact.”
—Arnaud Vaganay, The London School of Economics and Political Science“Abhijit Banerjee and Esther Duflo want to reduce poverty. That goal is common—what distinguishes the work of these young economists, both at MIT, is their methods. They aim to inject scientific evidence into policy deliberation, and advance the debate with conclusions that can be widely agreed on while not being truisms.”
—Prospect magazine“A marvelously insightful book by two outstanding researchers on the real nature of poverty.”
—Amartya Sen, Lamont University Professor and Professor of Economics and Philosophy at Harvard University and winner of the Nobel Prize for Economics“With regard to institutions and governance, Poor Economics suggests that there is more to improved outcomes than the veneer of participation. The authors’ findings affirm over and over again that knowledge really can be a powerful tool for change.
—Democracy, A Journal of Ideas“This book is a must-read for anyone who cares about world poverty. It has been years since I read a book that taught me so much. Poor Economics represents the best that economics has to offer.”
—Steven D. Levitt, William B. Ogden Distinguished Service Professor of Economics at the University of Chicago and author of Freakonomics“Abhijit Banerjee and Esther Duflo are allergic to grand generalizations about the secret of economic development. Instead they appeal to many local observations and experiments to explore how poor people in poor countries actually cope with their poverty: what they know, what they seem (or don't seem) to want, what they expect of themselves and others, and how they make the choices that they can make. Apparently there are plenty of small but meaningful victories to be won, some through private and some through public action, that together could add up to a large gains for the world's poor, and might even start a ball rolling. I was fascinated and convinced.”
—Robert Solow, Institute Professor of Economics, Massachusetts Institute of Technology, and winner of the Nobel Prize for EconomicsRent & Security Return Pollicy
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