Poor Economics
A Radical Rethinking of the Way to Fight Global Poverty
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Poor Economics
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Narrated by:
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Brian Holsopple
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Written by:
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Abhijit V. Banerjee
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Esther Duflo
About this listen
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 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 more 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.
PLEASE NOTE: When you purchase this title, the accompanying reference material will be available in your Library section along with the audio.
©2011 Abhijit V. Banerjee and Esther Duflo. (P)2011 HighBridge CompanyCritic Reviews
What listeners say about Poor Economics
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Overall5 out of 5 stars
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Performance4 out of 5 stars
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Story5 out of 5 stars
- Shripad Thosar
- 27-05-20
well researched, eye opener on poverty
The book is based on deep research on poor, specifically in developing countries. The authors display great ability to connect dots from various studies and draw meaningful conclusions. The authors discuss opposing view points in balanced manner and conclude based on the findings from the research. The book also reveals strong connection of economics with behavioural science, social science and political science. A great book to read / listen. Hope the governments are listening
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Overall5 out of 5 stars
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- Jay (Vijayasimha BR)
- 05-06-24
Essential for all Economics Students
I am blown away by the honest and unbiased documentation of developmental economics in this book. The writing is short and sweet. Real world examples. Touches upon every aspect of poverty and uses relevant examples. You can tell that deep amount of research by the authors before writing this.
Every economics student must study this as you would a textbook, make notes and dig deeper into issues present here. Also, this is an excellent starting point for anyone who is looking for research in areas of poverty.
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Overall5 out of 5 stars
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- Placeholder
- 11-11-19
Real insights into parrennial problem.
It's a must read book for everyone interested in human development. Deep insights into issues of poor closely touching their lives.
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Overall4 out of 5 stars
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- Sushmitha
- 11-03-24
Very comprehensive
An extensive overview into the economics of poverty. The book is reasonably easy to understand even for a reader like me, who doesn't have an economics background. However, the book may largely make sense only to those involved in field work at some level. I am not a fan of separation of a poor world and reader's world as something outside of it, almost as if someone poor would not be able to read this book.
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Overall5 out of 5 stars
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- pranab kumar mishra
- 30-08-20
Theorizes the problem of the world.
The very first need to fix world's problem is to understand it which is accomplished.
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Overall5 out of 5 stars
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- Avinash Tavares
- 14-11-20
Another practice masterpiece
I'm a social activist and policy consultant. this book helped me correct many wrong notions I had about the poor and how to help them. with several examples and studies the authors proposed a roadmap that is simple and cost effective to implement. they also enlist the pitfalls and limitations of many of these strategies to eliminate poverty
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Overall5 out of 5 stars
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- sunil sarbhangia
- 28-07-20
love it
book is of course very good. the narrator's voice has quite clear and noiseless. I was enjoyed listening this book.
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Overall5 out of 5 stars
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- Shipra
- 19-04-20
easy and informative
a very easy and informative book. one doesn't need an economic training to understand it. everyone should try it.
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Overall5 out of 5 stars
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- RM
- 07-10-20
Never found such scientific rigour in economics
The amount of detail and scientific rigour applied on small economic decisions has been dealt with extremely well in the book. Can be read by laymen as does not need any knowledge of economics.
Fantastic work by Abhijit and Esther.
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Overall5 out of 5 stars
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- Dr Tom V Shinde
- 28-09-24
When RCTs meet economics
John Maynard Keynes once said: If economists could manage to get themselves thought of as humble, competent people on a level with dentists, that would be splendid.
Abhijeet Banerjee, along with his wife Esther, has achieved just that. They introduced the rigorous method of Randomized Controlled Trials (RCTs) from clinical research into economics, and the results have been nothing short of remarkable. The author's systematic approach is evident in his analysis of various subjects such as the microfinance industry, education, healthcare, and politics. His book is not only captivating with real-life stories but also leaves readers with insightful conclusions. It is highly recommended for professionals across different fields, including doctors, engineers, accountants, and politicians.
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