Poor Economics

Winner of the 2011 Financial Times Goldman Sachs Best Business Book of the Year AwardBillions 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 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.Learn at www.pooreconomics.com Download Poor Economics – kino-fada.fr Well this is a welcome breath of fresh air into the dreary little world of development economics.The contemporary debate over the questions of aid and poverty reduction have been restricted to two equally excitable schools Jeffrey Sach s clinical economics , where he asserts that massive increases of aid are necessary across a broad spectrum of problems, and William Easterly s focus on locally driven reforms Easterly has a vicious criticism of Sachs, mocking its paternalistic tone and simila Well this is a welcome breath of fresh air into the dreary little world of development economics.The contemporary debate over the questions of aid and poverty reduction have been restricted to...Still one of the better books I ve read on economics, international development, sociology, and political science put together It actually manages to approach everything in a relatively unbiased way covers how multiple viewpoints would address a situation The findings of what s happening in each situation are laid out asof a question as to how to proceed instead of getting lost in utopian plans Plus it s NOT BORING Too many people who disappear into the world of academia start ta Still one of the better books I ve read o...Poor Economics doesn t simply offer a unilateral view of how to fight global poverty rather, this book offers views from both sides of the foreign aid debate e.g Sachs v Easterly and provides examples of different organizations that have dealt with attacking poverty on both small and large scales There are five key takeaways from Poor Economics, with regard to any localized campaigns attempting to improve the lives of the poor 1 Individuals communities inherently believe that outside orga Poor Economics doesn t simply offer a unilate...I mentioned this book on my blog here, and now I finally read it I ll admit I was a little disappointed that the book wasn t as detailed as her lecture on the actual experiments the Poverty Action Lab has been involved in There was muchon larger picture topics and brief summaries of experiments and how they contributed to the dialogue on how to address that particular topic within development circles.That said, it was still a fascinating read and I mentioned this book on my blog here, and now I...Banerjee and Duflo have written a great book that aims to see poverty as a set of concrete problems that, once properly identifed and understood, can be solved one at a time Using the best economic and observational evidence often taken from randomised trials they build a case for what actually works in helping overcome poverty, taking up the fight against what they argue are the biggest barriers ignorance, ideology and inertia.It is thoughtful and rigorous, though possibly slightly too t Banerjee and Duflo have written a great book that aims to see poverty as a set of concrete problems that, once properly identifed and understood, can be solved one at a time Using the best economic and observational evidence often taken from randomised trials they build a case for what actually works in helping overcome poverty, taking up the fight against what they argue are the biggest barriers ignorance, ideology and inertia.It is thoughtful...Note to Self to include this when writing a full blown review for this book.I recently read an article published in NY Times on how women economists are NOT recognized for their work when they co author it with another a male economist The article goes on to explain how the bias is deep entrenched in the field of economics Recently, I was having a conversation with a friend, working in the field of finance, on the Indian economy andparticularly about the drought which has hit most sta Note to Self to include this when writing a full blown review for this book.I recently read an article published in NY Times on how women economists are NOT recognized for their work when they co author it with another a male economist The article goes on to explain how the bias is deep entrenched in the field of economics Recently, I was having a conversation with a friend, working in the field of f...This is one of the best pop economics books I have read in a very long time Such books typically follow the same recipe top academic seeks recognition outside the profession and writes the book propounding the theory, enlisting in support loads of evidence consistent with the theory, and curiously brushing off forgetting to mention most of any evidence even vaguely incompatible with the main argument of the book The book tends to go on forever repeating the same score in all possible tonali This is one of the best pop economics books I have read in a very long time Such books typically follow the same recipe top academic seeks recognition outside the profession and writes the book propounding the theory, enlisting in support loads of evidence consistent with the theory, and curiously brushing off forgetting to mention most of any evidence even vaguely incompatible with the main argument of the book The book tends to go on forever repeating the same score in all possible tonalities, and in spite of most attempt to either humour or literary effects is generally rather boring to read ...Disappointing I was very eager to read about rigorous studies that determine what works for fighting poverty But the authors somehow kept getting off track from this desperately important concept I still think the work of the Poverty Action Lab is very interesting, but this just not an exciting book about a radical rethinking of the way to fight global poverty The big five lessons from the authors are 1 The poor lack information so tell them the truth artfull...Full of individual stories about the way the poor cope with their life I normally classify such books as sad Not this one The book is offering something that I haven t seen in many other books that are dealing with poverty It is exploring first the left extreme of the spectrum that focuses on collectivism, then the right that is focused on the individualism, and finally tries to put itself somewhere in between Each side is backed by examples of its supporters The main heroes of the book Full of individual stories about the way the poor cope with their life I normally cla...I thought I was going to love this book, but I didn t really get much out of it.It was a summary of some aid is good aid which I already believe, so I guess the persuasion wasn t attractive to me The details, though, were mostly things I d already heard or read I think watching Esther Duflo s TED talk might give away most of the information and excitement of this book.If you re wondering why not everyone agrees with The End of Poverty then maybe this book would impress you Or if you re st I thought I was going to love this book, but I didn t really get much out of it.It was a summary of some aid is good aid which I already believe, so I guess the persuasion wasn t attractive to me The details, though, were mostly things I d already heard or read I th...

• English
• 05 March 2017
Abhijit V. Banerjee
• Hardcover
• 320 pages
• 1586487981
• Abhijit V. Banerjee
• Poor Economics