Poor Economics

Called "marvelous, rewarding" by the Wall Street Journal, the book offers a radical rethinking of the economics of poverty and an intimate view of life on 99 cents a day.

Author: Abhijit Banerjee

Publisher: PublicAffairs

ISBN: 9781610390934

Category: Business & Economics

Page: 320

View: 960

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.

Poor Economics

Called "marvelous, rewarding" by the Wall Street Journal, the book offers a radical rethinking of the economics of poverty and an intimate view of life on 99 cents a day.

Author: Abhijit Banerjee

Publisher: Hachette UK

ISBN: 1610391608

Category: Business & Economics

Page: 320

View: 187

The winners of the Nobel Prize in Economics upend the most common assumptions about how economics works in this gripping and disruptive portrait of how poor people actually live. 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 award-winning MIT professors, answer these questions based on years of field research from around the world. Called "marvelous, rewarding" by the Wall Street Journal, the book offers a radical rethinking of the economics of poverty and an intimate view of life on 99 cents a day. Poor Economics shows that creating a world without poverty begins with understanding the daily decisions facing the poor.

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.

Author: Abhijit V. Banerjee

Publisher: Penguin Books, Limited (UK)

ISBN: 9780718193669

Category: Business & Economics

Page: 303

View: 150

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.

Poor Economics

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.

Author: Abhijit V Banerjee

Publisher: Random House India

ISBN: 8184002122

Category: Literary Collections

Page: 460

View: 227

WINNERS OF THE 2019 NOBEL PRIZE IN ECONOMICS Imagine you have a few million dollars. You 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 in development economics through their award-winning Poverty Action Lab. They argue that by using randomized control trials, 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. Why would a man in Morocco who doesn’t have enough to eat buy a television? Why is it so hard for children in poor areas to learn even when they attend school? Why do the poorest people in Maharashtra spend 5 percent of their total budget on sugar? Does having lots of children actually make you poorer? Drawing on their research at the Poverty Action Lab and their fifteen years of fieldwork in India and across the world, the two economists ask many such questions and show why the poor, despite having the same desires and abilities as anyone else, end up with entirely different lives. 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.

Good Economics for Hard Times

A much-needed antidote to polarized discourse, this book shines a light to help us appreciate and understand our precariously balanced world.

Author: Abhijit V. Banerjee

Publisher: Penguin UK

ISBN: 0141986204

Category: Business & Economics

Page: 256

View: 994

FROM THE WINNERS OF THE 2019 NOBEL PRIZE IN ECONOMICS 'Wonderfully refreshing . . . A must read' Thomas Piketty In this revolutionary book, prize-winning economists Abhijit V. Banerjee and Esther Duflo show how economics, when done right, can help us solve the thorniest social and political problems of our day. From immigration to inequality, slowing growth to accelerating climate change, we have the resources to address the challenges we face but we are so often blinded by ideology. Original, provocative and urgent, Good Economics for Hard Times offers the new thinking that we need. It builds on cutting-edge research in economics - and years of exploring the most effective solutions to alleviate extreme poverty - to make a persuasive case for an intelligent interventionism and a society built on compassion and respect. A much-needed antidote to polarized discourse, this book shines a light to help us appreciate and understand our precariously balanced world.

Review Essay Poor Economics Banerjee Duflo

Subsequently, an evaluation of limitations (2.3) and shortcomings (2.4) of the book will be conducted. By evaluating the approach and findings of “Poor Economics”, the essay will be able to compare it with other scholarly works (3.).

Author: Christopher King

Publisher: GRIN Verlag

ISBN: 3656511012

Category: Social Science

Page: 9

View: 165

Literature Review from the year 2013 in the subject Politics - International Politics - Topic: Development Politics, grade: 1,0, Indiana University (Department of Political Science), course: Politics of International Development, language: English, abstract: “After all, we have spent billions of dollars on aid. [...] Has it done any good? And sadly, we don’t know. And worst of all, we will never know.” (Duflo 2010, 01:37) Poverty alleviation is a huge humanitarian challenge and also the supreme discipline of some economists. The effort to fight poverty had a mixed success so far and scholars claim different reasons for that outcome (cf. Besley 2012). In “Poor Economics”, Abhijit Banerjee and Esther Duflo avoid the often polemic ‘Sachs vs. Easterly’ aid debate and promise a “radical rethinking of the way to fight global poverty”: They make a convincing case about learning on the lives of the poor and the unique choices they have to face in their lives. Banerjee/Duflo understand how the poor perceive their conditions and come to the decision they make and are therefore able to craft better strategies and interventions that actually help the poor and do not produce unintended consequences. By doing that, they deliberately target the micro-level and leave out the level of politics or institutions, which is somewhat problematic, to search effective approaches in answers of the smaller questions. This essay is structured in the following way: After an introduction to the analysis (2.) and an overview of Randomized Controlled Trials (RCTs), the main method of Banerjee/Duflo (2.1), the analysis will provide an assessment of key examples of the two scholars’ research (2.2). Subsequently, an evaluation of limitations (2.3) and shortcomings (2.4) of the book will be conducted. By evaluating the approach and findings of “Poor Economics”, the essay will be able to compare it with other scholarly works (3.). A conclusion (4.) will summarize the review and end with a personal take on what has been learned through studying the book.

SUMMARY Poor Economics A Radical Rethinking Of The Way To Fight Global Poverty By Abhijit V Banerjee And Esther Duflo

SUMMARY POOR ECONOMICS A Radical Rethinking of the Way to Fight Global
Poverty by Abhijit V. Banerjee and Esther Duflo G Shortcut Edition SUMMARY -
Poor Economics: A Radical Rethinking Of The Way. Front Cover.

Author: Shortcut Edition

Publisher: Shortcut Edition

ISBN:

Category: Business & Economics

Page: 35

View: 327

* Our summary is short, simple and pragmatic. It allows you to have the essential ideas of a big book in less than 30 minutes. As you read this summary, you will discover that beyond the traditional anti-poverty policies that have emerged over the past decades, there is another way of looking at situations. You will also discover that : the poor have little access to information; the poor take responsibility for too many aspects of their lives; they have no access to certain markets, such as credit, or at exorbitant prices; poor countries are not doomed to failure because they are poor; when a situation begins to improve, beliefs and certainties change. Abhijit Banerjee and Esther Duflo rely on field studies with NGOs, government officials, health workers, etc., to support their work. They propose a new vision of poverty and, above all, ways of fighting it, through limited experiments and ingenious solutions proven in the field. They present not one, but models, based on the idea that it is by understanding the livelihoods of the poorest that solutions can be found to help them out of poverty. *Buy now the summary of this book for the modest price of a cup of coffee!


The Economics of Poverty

"An overview of the economic development of and policies intended to combat poverty around the world"--

Author: Martin Ravallion

Publisher: Oxford University Press

ISBN: 0190212772

Category:

Page: 720

View: 558

While there is no denying that the world has made huge progress against absolute poverty over the last 200 years, until recent times the bulk of that progress had been made in wealthy countries only. The good news is that we have seen greater progress against poverty in the developing world in recent times-indeed, a faster pace of progress against extreme poverty than the rich world saw over a period of 100 years or more of economic development. However, continuing progress is far from assured. High and rising inequality has stalled progress against poverty in many countries. We are seeing generally rising relative poverty in the rich world as a whole over recent decades. And even in the developing world, there has been less progress in reaching the poorest, who risk being left behind, and a great many people in the emerging middle class remain highly vulnerable to falling back into poverty. The Economics of Poverty strives to support well-informed efforts to put in place effective policies to assure continuing success in reducing poverty in all its dimensions. The book reviews critically the past and present debates on the central policy issues of economic development everywhere. How much poverty is there? Why does poverty exist? What can be done to eliminate poverty? Martin Ravallion provides an accessible new synthesis of current knowledge on these issues. It does not assume that readers know economics already. Those new to economics get a lot of help along the way in understanding its concepts and methods. Economics lives though its relevance to real world problems, and here the problem of global poverty is both the central focus and a vehicle for learning.

Bull s Eye

In this book, we have hand-picked the most sophisticated, unanticipated, absorbing (if not at times crackpot!), original and musing book reviews of "Poor Economics: A Radical Rethinking of the Way to Fight Global Poverty.

Author: Lucas Burring

Publisher: Lennex

ISBN: 9785458997287

Category:

Page: 44

View: 652

In this book, we have hand-picked the most sophisticated, unanticipated, absorbing (if not at times crackpot!), original and musing book reviews of "Poor Economics: A Radical Rethinking of the Way to Fight Global Poverty." Don't say we didn't warn you: these reviews are known to shock with their unconventionality or intimacy. Some may be startled by their biting sincerity; others may be spellbound by their unbridled flights of fantasy. Don't buy this book if: 1. You don't have nerves of steel. 2. You expect to get pregnant in the next five minutes. 3. You've heard it all.

The Economics of Inequality Discrimination Poverty and Mobility

This clearly written text is ideally suited to a wide variety of courses on contemporary economic conditions, inequality, and social economics in the United States.

Author: Robert S. Rycroft

Publisher: Routledge

ISBN: 1317272307

Category: Business & Economics

Page: 408

View: 755

If there was any question before, there is no longer a question today: inequality, discrimination, poverty, and mobility are prominent national issues. The notion of "The American Dream" has been sold to generations of young Americans as the idea that working hard and following your dreams will allow you to break through any barriers in your path and inevitably lead to success. However, recent findings on inequality, discrimination, poverty, and mobility show that "The American Reality" is very different. The second edition of this introductory-level text brings together the essential materials on what economists have to say about these findings and brings students up to date with current thinking. It covers several ground-shattering events, such as: the election of Barack Obama followed by Donald Trump; the passage of the Affordable Care Act and attempts to repeal it; and the publication of Thomas Piketty’s Capital in the 21st Century, among many others. With an emphasis on data, theory, and policy, this book tackles these issues by exploring three key questions in each chapter: What do the data tell us about what has been happening to the American economy? What are the economic theories needed to understand what has been happening? What are the policy ideas and controversies associated with these economic problems? Key controversies are highlighted in each chapter to drive classroom discussion, and end-of-chapter questions develop student understanding. This clearly written text is ideally suited to a wide variety of courses on contemporary economic conditions, inequality, and social economics in the United States.

The Economics of Poverty and Discrimination

1 - that distinguishes those who are poor from everyone else . We start out the
search with only the conviction that somewhere along the left side of the graph
there are families who are truly poor . ECONOMIC DEFINITIONS OF POVERTY ...

Author: Bradley R. Schiller

Publisher: Englewood Cliffs, N.J. : Prentice-Hall

ISBN:

Category: Discrimination

Page: 241

View: 630

Top Notch, a dynamic 6-level course for international communication, sets a new standard, using the natural language that people really speak. With a rock-solid learner-centered approach, Top Notch provides students an opportunity to confirm their own progress at the end of every easy-to-teach two-page lesson. Features of Top Notch Fundamentals Essential model conversations that make key social language unforgettable and easy to personalize Intensive vocabulary development with active recycling Complete grammar support extended by a bound-in Vocabulary Booster "Top Notch Interactions" unique step-by-step discussion builders that guarantee success for all learners Thorough attention to pronunciation A wide array of learning strategies and activities that promote critical thinking Authentic and refreshing content that connects students to the real world


Growth Inequality and Poverty

The relationship between growth, inequality, and poverty lies at the heart of development economics. This volume draws together many of the most important recent contributions to the controversies surrounding this topic.

Author: Anthony Shorrocks

Publisher: OUP Oxford

ISBN: 0191533335

Category: Business & Economics

Page: 300

View: 648

The relationship between growth, inequality, and poverty lies at the heart of development economics. This volume draws together many of the most important recent contributions to the controversies surrounding this topic. Some of the chapters help explain why there is profound disagreement on crucial issues of growth, poverty and inequality within academic circles, and among organizations and various groups active in the development field. Another central theme is the cross-country evidence on the relationship between growth and poverty, and the extent to which it is valid to draw policy conclusions from this empirical evidence. The volume also shows how new microeconomic techniques such as poverty maps and microsimulation models can be used to improve poverty analysis and the design of pro-poor policies. The overall conclusion points to the need for diverse strategies towards growth and poverty, rather than simple blanket policy rules. Initial conditions, specific country structures, and time horizons all play a significant role. Initial conditions affect the speed with which growth reduces poverty and can also determine whether policies such as trade liberalization have a pro-poor or an anti-poor outcome. Improved education is valuable in itself, and also contributes to poverty reduction; but its effect on inequality depends on supply and demand factors, which differ significantly across countries. Likewise, the quantitative impact on poverty of redistribution from the rich to the poor vis-à-vis an increase in total national income can vary greatly across countries. Hence the need for creative approaches to poverty which take full account of the specific circumstances of individual nations and which assign a central role to inequality analysis in the discussion of poverty-alleviation policies.

Journal of Applied Economics

Ravallion , Martin ( 1999c ) , “ Are Poorer States Worse at Targeting their poor ? ”
Economics Letters 65 : 373 - 377 . Ravallion , Martin ( 2000a ) , “ Are the Poor
Protected from Budget Cuts ? Theory and Evidence for Argentina , ” Policy ...

Author:

Publisher:

ISBN:

Category: Economic policy

Page:

View: 123


The Oxford Handbook of the Economics of Poverty

This Handbook examines poverty measurement, anti-poverty policy and programs, and poverty theory from the perspective of economics. It is written in a highly accessible style that encourages critical thinking about poverty.

Author: Philip N. Jefferson

Publisher: Oxford University Press on Demand

ISBN: 0195393783

Category: Business & Economics

Page: 849

View: 268

This Handbook examines poverty measurement, anti-poverty policy and programs, and poverty theory from the perspective of economics. It is written in a highly accessible style that encourages critical thinking about poverty. What's known about the sources of poverty and its alleviation are summarized and conventional thinking about poverty is challenged.


The Infinite Desire for Growth

This is an interesting, forthright, and worthwhile book from an author who brings humanity to economics.

Author: Daniel Cohen

Publisher: Princeton University Press

ISBN: 0691210063

Category: Business & Economics

Page: 184

View: 130

"Leading economist Daniel Cohen provides a whirlwind tour of the history of economic growth, from the early days of civilization to modern times, underscoring what is so unsettling today. The new digital economy is establishing a "zero-cost" production model, inexpensive software is taking over basic tasks, and years of exploiting the natural world have begun to backfire with deadly consequences. Working hard no longer guarantees social inclusion or income. Drawing on economics, anthropology, and psychology, and thinkers ranging from Rousseau to Keynes and Easterlin, Cohen examines how a future less dependent on material gain might be considered and, how, in a culture of competition, individual desires might be better attuned to the greater needs of society."--Publisher's description.

The Indian Journal of Labour Economics

In one way or another , they all attribute their poor economic status and their
vulnerable situation to their lack of proper schooling in their early childhood .
These women also want to make up for their own lack of schooling by educating
their ...

Author:

Publisher:

ISBN:

Category: Labor

Page:

View: 597