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.
Publisher: Penguin Books Ltd
Number of pages: 320
Weight: 236 g
Dimensions: 198 x 129 x 18 mm
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 page-turner about the micro-economics of aid policy might not sound too probable, but that's what [Banerjee and Duflo] have written, and it is a truly remarkable book . . . unmistakably contemporary, written beautifully * Guardian *
A compelling and important read * Forbes *
An engrossing new book * Economist *
Marvellous . . . they deserve to be congratulated, and to be read * Wall Street Journal *
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For anyone who has read The End of Poverty by Jeffery Sachs then this is another book that you should read. The authors are both Professors at MIT, Banerjee is economics and Duflo is Poverty Alleviation.
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