Non-Fiction Books:

Poor Economics: Barefoot Hedge-fund Managers, DIY Doctors and the Surprising Truth About Life on Less Than $1 a Day

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Description

Why would a man in Morocco who doesn't have enough to eat buy a television?
Why do the poorest people in the Indian state of Maharashtra spend 7 percent of their food budget on sugar?
Does having lots of children actually make you poorer?

In this book, Abhijit V. Banerjee and Esther Duflo show why the poor, despite having the same desires and abilities as anyone else, end up with entirely different lives.

Poor Economics argues that so much of anti-poverty policy has failed over the years because of an inadequate understanding of poverty. Looking at some of the most surprising facets of poverty: why the poor need to borrow in order to save, why they miss out on free life-saving immunizations but pay for drugs that they do not need, and why they start many businesses but do not grow any of them, Banerjee and Duflo give us all a new understanding of the complex reality of living on very little and offer practical solutions for reducing poverty.

Author Biography:

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.
Release date Australia
March 29th, 2012
Audiences
  • General (US: Trade)
  • Professional & Vocational
  • Tertiary Education (US: College)
Pages
320
Dimensions
129x198x18
ISBN-13
9780718193669
Product ID
19657697

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