poor economics by abhijit v banerjee and esther duflo

This important book illuminates how the poor live, and offers all of us an opportunity to think of a world beyond poverty. On Monday, Abhijit Banerjee, 58, and Esther Duflo, 46, won the Nobel Prize in Economics, along with economist Michael Kremer, for their 'experimental approach to alleviating global. 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. Poor Economics Rethinking Poverty And The Ways To End It by Abhijit V. Poor Economics: A Radical Rethinking of the Way to Fight Global Poverty Esther Duflo, Abhijit V. Abhijit Banerjee and Esther Duflo have pioneered the use of randomized control trials in development economics. 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. Work based on these principles, supervised by the Poverty Action Lab, is being carried out in dozens of countries. MIT professors Esther Duflo and Abhijit Banerjee won the Nobel Prize in Economic Sciences for their efforts to study the causes of such povertyPoor Economics demonstrates their unique approach. But much of their work is based on assumptions that are untested generalizations at best, harmful misperceptions at worst.Ībhijit Banerjee and Esther Duflo have pioneered the use of randomized control trials in development economics. Millions of people throughout the world live on less than 99 cents a day. Two highly regarded economists relay 15 years of research into a smart, engaging investigation of the real nature of global poverty and why current approaches to addressing miss the mark.īillions of government dollars, and thousands of charitable organizations and NGOs, are dedicated to helping the world’s poor.

Poor economics by abhijit v banerjee and esther duflo