Poor Economics

The Surprising Truth about Life on Less Than $1 a Day

Abhijit V. Banerjee, Esther Duflo

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English

Penguin
27 April 2012

Poverty & unemployment; Economics & Business; Macroeconomics; Development economics

An eye-opening investigation into life below the poverty line that turns received thinking on its head

Winner of the FT Goldman Sachs Business Book of the Year Award 2011

Why would a man in Morocco who doesn't have enough to eat buy a television? Why do the poorest people in India spend 7 percent of their food budget on sugar? Does having lots of children actually make you poorer?

This eye-opening book overturns the myths about what it is like to live on very little, revealing the unexpected decisions that millions of people make every day. Looking at some of the most paradoxical aspects of life below the poverty line - why the poor need to borrow in order to save, why incentives that seem effective to us may not be for them, and why, despite being more risk-taking than high financiers, they start businesses but rarely grow them - Banerjee and Duflo offer a new understanding of the surprising way the world really works.

By: Abhijit V. Banerjee, Esther Duflo
Imprint: Penguin
Country of Publication: United Kingdom
Dimensions: Height: 198mm, Width: 129mm, Spine: 19mm
Weight: 236g
ISBN: 9780718193669
ISBN 10: 0718193660
Publication Date: 27 April 2012
Recommended Age: From 0 years
Audience: General/trade , College/higher education , Professional and scholarly , ELT Advanced , Primary
Format: Paperback
Publisher's Status: Active

Reviews for Poor Economics: The Surprising Truth about Life on Less Than $1 a Day

Poor Economics is making waves ... refreshingly original, wonderfully insightful ... an entirely new perspective Guardian A marvellously insightful book by two outstanding researchers on the real nature of poverty -- Amartya Sen It has been years since I read a book that taught me so much -- Steven D. Levitt A compelling and important read Forbes An engrossing new book Economist Marvellous ... they deserve to be congratulated, and to be read Wall Street Journal