Poor Economics

A Radical Rethinking of the Way to Fight Global Poverty

Abhijit V. Banerjee & Esther Duflo

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Book Synopsis

In "Poor Economics," Abhijit V. Banerjee and Esther Duflo challenge traditional assumptions about poverty and present a fresh understanding of how to effectively address the issue. Through their extensive fieldwork and rigorous research, they shed light on the lives of the poor and offer insights into the factors that perpetuate poverty.

The book examines the everyday choices made by the poor and explores the economic and social consequences of these decisions. Banerjee and Duflo delve into topics such as health, education, savings, and entrepreneurship to demonstrate how understanding the psychology and motivations of the poor can lead to more effective interventions.

Drawing from experiments and experiments, they present evidence-based solutions that can combat poverty. Contrary to popular belief, they argue against universal remedies and highlight the importance of targeted, context-specific measures. By aligning policies with the actual needs and behaviors of the poor, sustainable and lasting change becomes achievable.

"Poor Economics" challenges readers to question their assumptions about global poverty and presents an evidence-based approach to poverty alleviation. With its concise analysis and actionable recommendations, this book is an invaluable resource for policymakers, economists, and anyone interested in understanding and confronting poverty.

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