Why do the poor borrow to save? Why do they miss out on free life-saving immunizations, but pay for unnecessary drugs? In Poor Economics , Abhijit V. Banerjee and Esther Duflo, two practical visionaries working toward ending world poverty, answer these questions from the ground. In a book the Wall Street Journal called marvellous, rewarding," the authors tell how the stress of living on less than 99 cents per day encourages the poor to make questionable decisions that feed,not fight,poverty. The result is 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 understanding the daily decisions facing the poor.

Informationen zum Autor Abhijit V. Banerjee is the Ford Foundation International Professor of Economics at the Massachusetts Institute of Technology. He lives in Cambridge, Massachusetts. Esther Duflo is the Abdul Latif Jameel Professor of Poverty Alleviation and Development Economics in the Department of Economics at the Massachusetts Institute of Technology. She lives in Cambridge, Massachusetts. Together, they are the winners of the 2019 Nobel Prize in Economics and coauthors of Good Economics for Hard Times. They have contributed to outlets as varied as Nature, NPR's Planet Money, the New York Times, and Econometrica, among others, and are frequent contributors to the French and Indian press. Klappentext From the award-winning founders of the Abdul Latif Jameel Poverty Action Lab at MIT: A transformative reappraisal of the world of the extreme poor, their lives, desires, and frustrations Zusammenfassung The winners of the Nobel Prize in Economics upend the most common assumptions about how economics works in this gripping and disruptive portrait of how poor people actually live. Why do the poor borrow to save? Why do they miss out on free life-saving immunizations, but pay for unnecessary drugs? In Poor Economics, Abhijit V. Banerjee and Esther Duflo, two award-winning MIT professors, answer these questions based on years of field research from around the world. Called "marvelous, rewarding" by the Wall Street Journal, the book offers a radical rethinking of the economics of poverty and an intimate view of life on 99 cents a day. Poor Economics shows that creating a world without poverty begins with understanding the daily decisions facing the poor.

Autorentext

Abhijit V. Banerjee is the Ford Foundation International Professor of Economics at the Massachusetts Institute of Technology. He lives in Cambridge, Massachusetts. 

Esther Duflo is the Abdul Latif Jameel Professor of Poverty Alleviation and Development Economics in the Department of Economics at the Massachusetts Institute of Technology. She lives in Cambridge, Massachusetts. 

Together, they are the winners of the 2019 Nobel Prize in Economics and coauthors of Good Economics for Hard Times. They have contributed to outlets as varied as Nature, NPR’s Planet Money, the New York Times, and Econometrica, among others, and are frequent contributors to the French and Indian press. 

Klappentext

From the award-winning founders of the Abdul Latif Jameel Poverty Action Lab at MIT: A transformative reappraisal of the world of the extreme poor, their lives, desires, and frustrations

Zusammenfassung
The winners of the Nobel Prize in Economics upend the most common assumptions about how economics works in this gripping and disruptive portrait of how poor people actually live.

Why do the poor borrow to save? Why do they miss out on free life-saving immunizations, but pay for unnecessary drugs? In Poor Economics, Abhijit V. Banerjee and Esther Duflo, two award-winning MIT professors, answer these questions based on years of field research from around the world. Called "marvelous, rewarding" by the Wall Street Journal, the book offers a radical rethinking of the economics of poverty and an intimate view of life on 99 cents a day. Poor Economics shows that creating a world without poverty begins with understanding the daily decisions facing the poor.