Poor Economics
A Radical Rethinking of the Way to Fight Global Poverty
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Poor Economics
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Narrated by:
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Brian Holsopple
About this listen
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 that are untested generalizations at best, harmful misperceptions at worst.
Abhijit Banerjee and Esther Duflo have pioneered the use of randomized control trials in development economics. Work based on these principles, supervised by the Poverty Action Lab, is being carried out in dozens of countries. Drawing on this and their 15 years of research from Chile to India, Kenya to Indonesia, they have identified wholly new aspects of the behavior of poor people, their needs, and the way that aid or financial investment can affect their lives. Their work defies certain presumptions: that microfinance is a cure-all, that schooling equals learning, that poverty at the level of 99 cents a day is just a more extreme version of the experience any of us have when our income falls uncomfortably low.
This important book illuminates how the poor live, and offers all of us an opportunity to think of a world beyond poverty.
©2011 Abhijit V. Banerjee and Esther Duflo. (P)2011 HighBridge CompanyCritic Reviews
What listeners say about Poor Economics
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Overall5 out of 5 stars
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Performance5 out of 5 stars
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Story5 out of 5 stars
- Panji
- 06-02-2018
Great insight into economics of poverty
This provides great insight into development economics. It leans more on the Easterly school of economics (rather than Sachs) and helped me better understand how wealth and empowerment can come from the people themselves through small economic and political nudges. It also provides great first hand sources from their personal experiences in numerous countries on how the poor interact with great/bad policies that were designed to help them.
The book primarily looks at education, microfinance, health, political institutions, and arguments of giving aid based on supply and demand.
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Overall5 out of 5 stars
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Performance5 out of 5 stars
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Story5 out of 5 stars
- Jeremiah David
- 19-08-2017
It's data based approach changed the way I thought
The book requires concentration but it is so data based you can be confident in its conclusions.
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Overall5 out of 5 stars
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Performance5 out of 5 stars
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Story5 out of 5 stars
- Liam Jacob
- 14-04-2022
enlightened look at the problems of the poor
An in depth look at problems caused by poverty. With real world analysis and antainable solutions.
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