Poor Economics: A Radical Rethinking of the Way to Fight Global Poverty

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Description

Why do the poor borrow to save lots of? Why do they fail to notice free life-saving immunizations, but pay for pointless drugs? In Poor Economics, Abhijit V. Banerjee and Esther Duflo, two practical visionaries working toward ending world poverty, answer these questions from the bottom. In a book the Wall Street Journal known as “marvelous, rewarding,” the authors tell how the tension of living on not up to 99 cents per day encourages the poor to make questionable decisions that feed—not fight—poverty. The result’s a radical rethinking of the economics of poverty that offers a ringside view of the lives of the world’s poorest, and shows that creating a world without poverty begins with working out the day-to-day decisions facing the poor.

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