Duflo won the john bates clark medal, which goes to the top economist under 40, in 2010. A radical rethinking of the way to fight global poverty, the authors use data from randomized controlled trials rcts in eighteen countries to show that many of our assumptions about the poor are incorrect. Abhijit banerjee and esther duflos book, poor economics. History, measurement and policy, oxford university press. The book reports on the effectiveness of solutions to global poverty using an. Beyond the strong focus on randomised control trials, the book distinguishes itself by wading into issues on which the development community has often ignored or made uninformed guesses. Poor economics represents the best that economics has to offer. The book poor economics by abhijit bannerjee and esther duflo have been much lauded in recent times internationally, and has won several prestigious awards. A radical rethinking of the way to fight global poverty book online at best prices in india on. Reddy few volumes in contemporary economics have been more lauded, and have summarised a zeitgeist, as much as abhijit banerjee and esther duflos poor economics. Poor economics quotes showing of 50 but then it is easy, too easy, to sermonize about the dangers of paternalism and the need to take responsibility for our own lives, from the comfort of our couch in our safe and sanitary home. Poor economics by laura starita mit economists abhijit banerjee and esther duflo spend a lot of time in the villages of india, indonesia, morocco, kenya and other developing nations conducting surveys and studies and speaking with the poor people. The author of poor economics on why aid that assumes the poor will do the right thing is misguided and why political corruption does not necessarily mean economic stagnation.
Even as simple a concept as a marginal return is carefully explained, for example, and the most complex idea is the possibility of a poverty trap, where. Povertypoor systems of health care, untreated stis, reuse of needles, migrant workers. What the book talks about economics of poverty understanding the economic lives of the poor lives and choices of the poor regarding, hunger health education family size functioning of institutions like, insurance microfinance savings entrepreneurship politics and policies 10. Critical theory group is a platform to engage in discussions and share knowledge. Pak sudarnos big family erika halburian rich countries india the fact that today countries with higher fertility rates are poorer doesnt tell use that they are poorer because of high fertility. Amartya sen, winner of the nobel prize for economics. Poor economics is written by serious economists who have no time for such nonsense, and this is reflected in the high quality of the book. Banerjee is coauthor of the book poor economics, which addresses the pitfalls of current aid programs and advocates for a radical new approach to thinking about poverty. Poor economics by claire kelly whole planet foundation. Learn vocabulary, terms, and more with flashcards, games, and other study tools. Each chapter in this book describes a search to discover what these. Few volumes in contemporary economics have been more lauded, and have summarised a zeitgeist, as much as abhijit banerjee and esther duflos poor economics. While the book provides some interesting insights, i question how far its approach will get us in fighting global poverty.
It does not follow from this that the affluent are meeting responsibilities to the poor. One is an sshaped curve showing that what you have today directly influence what you will have tomorrow. Sexintergenerational sex and concurrent partnersviral load high when they. A nobelwinning prescription for symptoms frontline. The book reports on the effectiveness of solutions to global poverty using an evidencebased randomized control trial approach. Poor economics is by two mit economists, abhijit vinayak banerjee and esther duflo. Levitt, author of freakonomics a marvelously insightful book by two outstanding researchers on the real nature of poverty. Chapter 5 of poor economics, pak sudarnos big family focuses on population control in the developing world and the family dynamics relating to the population size. Banerjee and esther duflo, both professors of economics at mit. Poor economics will discuss rcts and their utility in development at length. She had a vision of a vast checkerboard of a city, with 3 feet by 3 feet marked out on the ground, each with a human pawn, as it were, huddled into it. It is a book about the kinds of theories that help us make sense of both what the poor are able to achieve and where, and for what reason, they need a push.
Work based on these principles, supervised by the poverty action lab at mit, is being carried out in dozens of countries. This, in sum to quote the subtitle of the book, is the authors radical rethinking of the way to fight global poverty. Available on kindle ebook and can be read on any device with the free kindle. Secondly, the economy described functions quite poorly. The book poor economics by abhijit bannerjee and esther duflo have been much lauded in recent times internationally, and has won several. For one thing, it contains some wellobserved reporting. Poor economics doesnt simply offer a unilateral view of how to fight global poverty. The authors seriously engage two different perspective throughout the book one that argues that aid to the global poor often makes matters worse, and the other that argues that the poor cannot rise without heavy external often government help. A radical rethinking of the way to fight global poverty 2011 is a nonfiction book by abhijit v. The book captures an approach to development that has swept the field of development economics and this.
Poor economics by abhijit banerjee, 9780718193669, available at book depository with free delivery worldwide. First, this is a book about the economic life of the poor. It won the 2011 financial times and goldman sachs business book of the year award. A radical rethinking of the way to fight global poverty authors abhijit banerjee and esther duflo present their thesis about health care for the poor and low hanging fruit.
A radical rethinking of the way to fight global poverty, is making waves in development circles. Its from the doyennes of the new focus on measurement in general and randomized control trials in particular, abhijit banerjee and esther duflo from the abdul latif jameel poverty action lab j. A radical rethinking of the way to fight global poverty. The economics nobel winners triumph is at the expense. The book argues that while people are not ordinarily required to make large sacrifices in assisting others in severe need, they are required to incur moderate costs to do so.
Interesting report from the trenches of microdevelopment, with a good empirical bent. Banerjee and esther duflo, two awardwinning mit professors, answer these questions based on years of field research from around the world. Poor economics is pitched at a popular science level and has hardly anything in the way of theory and it seems as much motivated by ideas from public health as by development 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. Like all good books, it has its own website, full of background papers etc. Poor economics is more than just a compendium of the randomistas greatest hits. The economists free exchange, april 21, 2011to cut to the chase. A radical rethinking of the way to fight global poverty, the latest big book on development. The two mit economists are best known for their randomised. Over on marginal revolution, tyler cowen says the book is selfrecommending.
A radical rethinking of the way to fight global poverty helped introduce the idea of rcts to the wider public. See general information about how to correct material in repec for technical questions regarding this item, or to correct its authors, title. Poor economics a rich new book from abhijit banerjee and. Duflo and banerjee take the guesswork out of policies that. Banerjee appeared on national public radio this week, and a portion of a speech he gave to the asian development bank is available on youtube. Small adjustments to aid programs can yield big results. A radical rethinking of the way to fight global poverty by esther duflo and abhijit banerjee.
The book captures an approach to development that has swept the field of development economics and this approach has been largely influential within governments, international agencies and nongovernment organisations. Banerjee and duflo have pioneered the use of randomized control trials in development economics. A radical rethinking of the way to fight global poverty by abhijit banerjee and esther duflo discusses the existence of a nutritionbased poverty trap. Low hanging fruit is used to describe cheap medicines, preventive medicines, and lowcost actions that drastically benefit peoples health. Banerjee and esther duflo, both professors of economics at mit and each others spouse. Foreword esther was six when she read in a comic book on mother teresa that the city then called calcutta was so crowded that each person had only 10 square feet to live in. Poor economics is a book about the very rich economics that emerges from understanding the economic lives of the poor. Gordon, the rise and fall of american growth, 2016. When requesting a correction, please mention this items handle. Their lifes work is traveling to poor countries, looking closely at what works and what doesnt work. Abhijit banerjee and esther duflo have laid bare the gaps in our knowledge of poverty, but we must go much further to fill those gaps. All material on this site has been provided by the respective publishers and authors.
Falling enrollments, is a plausible and endogenous response for faculty members and departments. The book poor economics is very helpful, because it is both empirically rigorous and insightful about the realities that the data doesnt always capture. The titles double meaning perfectly captures michaels problem. Duflo and banerjee take the guesswork out of policies that help the poor there is much to praise in esther duflo and abhijit banerjees book that suggests new ways to fight global poverty. Easterly and provides examples of different organizations that have dealt with attacking poverty on both small and large scales. Using economics to help the worlds poor the new york times. To vote on books not in the list or books you couldnt find in the list, you can click on the tab add books to this list and then choose from your books, or simply search.
1307 1345 746 1465 853 697 313 1148 119 225 142 548 476 1436 1030 914 44 774 258 442 691 42 186 1282 1117 1131 1308 682 1334 1363 1023 1488 766 1313