ో The ૡ Poor Economics: A Radical Rethinking of the Way to Fight Global Poverty  ಋ Ebook Author Abhijit Banerjee ಥ ో The ૡ Poor Economics: A Radical Rethinking of the Way to Fight Global Poverty ಋ Ebook Author Abhijit Banerjee ಥ The ingenuity of these experiments aside, it is the rich and humane portrayal of the lives of the very poor that most impresses Both books show how those in poverty make sophisticated calculations in the grimmest of circumstances Books such as these offer a better path forward They are surely an experiment worth pursuing Cleveland Plain Dealer, May 2, 2011Here s something Jesus might recommend Reading the clear, calm and revelatory book Poor Economics, from Abhijit Banerjee and Esther Duflo It is gloriously instructive, and bracing testimony in itself to the gold standard of the Enlightenment the scientific method The authors, both economists at MIT, spent 15 years in the field, running randomized controlled trials to test various approaches to combating poverty They bring both rigor and humility to a predicament typically riven by ideology and blowhards. Financial World UK ,June 2011A remarkable work incisive, scientific, compelling and very accessible, a must read for advocates and opponents of international aid alike, for interested laymen and dedicated academics Amartya Sen, fellow Nobel Prize winner Robert Solow and superstar economics author Steven Levitt wholeheartedly endorse this book I urge you to read it It will help shape the debate in development economics.Amartya Sen A marvellously insightful book by two outstanding researchers on the real nature of poverty.Steven D LevittThis book is a must read for anyone who cares about world poverty It has been years since I read a book that taught me so much Poor Economics represents the best that economics has to offer.Robert SolowAbhijit Banerjee and Esther Duflo are allergic to grand generalizations about the secret of economic development Instead they appeal to many local observations and experiments to explore how poor people in poor countries actually cope with their poverty what they know, what they seem or don t seem to want, what they expect of themselves and others, and how they make the choices that they can make Apparently there are plenty of small but meaningful victories to be won, some through private and some through public action, that together could add up to a large gains for the world s poor, and might even start a ball rolling I was fascinated and convinced Book Dwarf, February 14, 2011 Reilly Media,Radar blog, June 27, 2011 This is possibly the best thing I will read all year, an insightful and research backed book digging into the economics of poverty Love that the website is so very complementary to the book, and 100% aligned with the ambition to convince and spread the word. Publishers Weekly online , May 2011Their empirical approach differs from policy discussions that base support or criticism of aid programs on a broad overview instead they illuminate many practicable and cost effective ways to keep children and parents living healthier and productive lives An important perspective on fighting poverty. The Guardien, June 6, 2011Duflo and Banerjee tell these stories of their randomised control trials in a lovely new book called Poor Economics As they admit, randomistas cannot answer some big questions how to tackle food prices, for instance But through lots of microstudies, they make a subtle case for one big argument aid really can help poor people, provided the money follows the evidence Vancouver Sun, June 11, 2011 Fast Company, June 15, 2011Fascinating and captivating Their work reads like a version of Freakonomics for the poor There are insights into fighting global poverty from the remarkable and vital perspective of those whom we profess to serveThey remind us, I think, of our shared humanity and how at some fundamental levels we really do think alike IndianExpress.com, June 18, 2011This is a welcome shift in methodology as it implicitly concedes the need to combine social science with hard economics Outlook India, June 25, 2011It vividly, sensitively and rigorously brings alive the dilemmas of the poor as economic agents in a variety of contexts, whether as consumers or risk takers There are splendid chapters on a variety of topics that affect the poor food, health, education, savings, micro credit, insurance, risk and even some cursory observations on political behaviour DNA Daily News Analysis , India, September 24, 2011The book is full of such interesting insights and is worth reading for anyone who really wants to know why the poor of the world behave the way they do And things are not always as bad as they are actually made out to be Hindustan Times, September 24, 2011 A remarkably noses on the ground book Livemint.com October 4, 2011There is no better place to solve the problem than the place where the problem is One of the better economics books this year, Poor Economics, is by Abhijit Banerjee and Esther Duflo who found economic solutions to problems by being in India, Indonesia, Kenya, etc James Pressley, BloombergAn enlightening look at what randomized control trials, such as those used to assess new medicines, tell us about the behavior of impoverished people and how to help them The Massachusetts Institute of Technology economists describe the rational motivations that underpin irrational decisions We meet, for example, Moroccan villagers who find money to buy televisions, DVD players and cell phones when they cant afford enough food Gayle Tzemach Lemmon, PRIs Marketplace The New York Times, May 19, 2011 Randomized trials are the hottest thing in the fight against poverty, and two excellent new books have just come out by leaders in the field One is Poor Economics, by Abhijit Banerjee and Esther Duflo These terrific books move the debate to the crucial question What kind of aid works best The Guardian, May 18, 2011 Abhijit Banerjee and Esther Duflo s book, Poor Economics A Radical Rethinking of the Way to Fight Global Poverty, is making waves in development circles Beyond the strong focus on randomised control trials, the book distinguishes itself by wading into issues on which the development community has often ignored or made uninformed guesses These include the rationale behind the decisions made by the poor, whether they make the best decisions available, and how policymakers should respond Matthew Yglesias, May 7, 2011This new book by Abhijit Banerjee and Esther Duflo eschews the ideology of both the right and the left, and focuses on what measurable evidence has to say about the often conflicting myths that dominate discussion of international development The book is unusual, perhaps unique, in that the authors took a lot of time to talk to poor people about what they think and what they want.They have a compelling argument that antipoverty programs can be effective if properly designed, and illustrate ways to test them to make sure they actually work The writing style is accessible and engaging, but its not dumbed down or over simplified The complexity of the subject means that this book is taking me longer to read than other books, but Ive found the effort genuinely rewarding Kirkus Review, April 15, 2011Highly decorated economists Banerjee and Duflo Economics Massachusetts Institute of Technology relay 15 years of research into a smart, engaging investigation of global povertyand why we re failing to eliminate itA refreshingly clear, well structured argument against the standard approach to poverty, this book, while intended for academics and those working on the ground, should provide an essential wake up call for any reader The Guardian, April 11, 2011 Banerjee and Duflo offer a refreshingly original take on development, and they are very aware of how they are bringing an entirely new perspective into a subject dominated by big polemics from the likes of Jeffrey Sachs and William Easterly they are clearly very clever economists and are doing a grand job to enrich their discipline s grasp of complex issues of poverty so often misunderstood by people who have never been poor The Economist, April 22, 2011In an engrossing new book they draw on some intrepid research and a store of personal anecdotes to illuminate the lives of the 865m people who, at the last count, live on less than 0.99 a day The Economists Free Exchange Blog, April 21, 2011Let me recommend it Poor Economics is than just a compendium of the randomistas greatest hits For one thing, it contains some well observed reporting The Economists Free Exchange, April 21, 2011TO CUT to the chase this is the best book about the lives of the poor that I have read for a very, very long time The research is wide ranging Much of it is new Above all, Banerjee and Duflo take the poorest billion people as they find them There is no wishful thinking The attitude is straightforward and honest, occasionally painfully so And some of the conclusions are surprising, even disconcerting Forbes.com, April 25, 2011a compelling and important read an honest and readable account about the poor that stands a chance of actually yielding results Philanthropy Action, April 25, 2011Banerjee and Duflo write exceptionally well, and given that there are two of them, the voice is surprisingly singular But the real surprise in this book is its humility Both the authors and the material they pull from are truly formidable, yet Banerjee and Duflo are not really out to make a hard pitch, least of all to die hard Big Idealists who disagree with them As such, there is nothing directly confrontational about Poor Economics They are peeling the onion, not hacking it to pieces.Winner of the 2011 Financial Times Goldman Sachs Best Business Book of the Year AwardBillions 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 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.Learn at www.pooreconomics.com Poor Economics Poor Economics POOR ECONOMICS argues that so much of anti poverty policy has failed over the years because an inadequate understanding The battle against can be won, but it will take patience, careful thinking and a willingness to learn from evidence A Radical Rethinking Way Fight Called marvelous, rewarding by Wall Street Journal, book offers radical rethinking economics intimate view life on cents day shows creating world without begins with daily decisions facing poor Wikipedia Global Poverty is non fiction Abhijit V Banerjee Esther Duflo, both professors at MIT reports effectiveness solutions global using based randomized control trial approach Jan , doesn t simply offer unilateral how fight rather, this views sides foreign aid debate eg Sachs v Easterly provides examples different organizations have dealt puts title subtitle good isn really about way It could been if MIT Vinayak He currently Ford Foundation International Professor Duflo Abdul Latif Jameel Alleviation Development in Book Review stands out literature development stays away big questions investigate incredibly multi faceted complex lives poor, imagines policies real impact Summary use traditional ways save including partially building house brick brick, savings clubs, storing extra money lenders While generally aren profitable for banks per account administrative costs are too high low deposit amount research when access affordable accounts, they able than otherwise Billions government dollars, thousands charitable NGOs, dedicated helping s But their work assumptions untested generalizations best, harmful misperceptions worst Top Class Many community feel free schools hiring teacher main solution improving education Economics About fifteen departments claim top ten In elite group, we re new kids We started one very best econometrics two Nobel prize winners economic theory ECONOMICS VHEMT Unemployment levels reveal already enough potential workers Increasing employment opportunities wages would increase funds paid social security Social systems artificial, adjustments changes such as reduction number made USA, pea shell game being played taxpayers Ayushman Bharat Forget politics Ayushman India Considering implementation 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