Poor Economics

Poor Economics
Author by: Abhijit Banerjee,Esther Duflo
Release: 2012-03-27
Editor: PublicAffairs
Pages: 320
ISBN: 1610390938
Language: un
Available :

SUMMARY:

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 “marvelous, 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.

Poor Economics

Poor Economics
Author by: Abhijit V. Banerjee,Esther Duflo
Release: 2013
Editor: Unknown
Pages: 442
ISBN: 8184002807
Language: un
Available :

SUMMARY:

Poor Economics

Poor Economics
Author by: Abhijit Banerjee,Esther Duflo
Release: 2012-03-27
Editor: PublicAffairs
Pages: 320
ISBN: 9781610391603
Language: en
Available :

SUMMARY:

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.

Poor Economics

Poor Economics
Author by: Abhijit Banerjee,Esther Duflo
Release: 2012-03-27
Editor: Hachette UK
Pages: 320
ISBN: 9781610391603
Language: en
Available :

SUMMARY:

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.

Poor Economics

Poor Economics
Author by: Abhijit V Banerjee,Esther Duflo
Release: 2011-11-20
Editor: Random House India
Pages: 460
ISBN: 9788184002126
Language: en
Available :

SUMMARY:

WINNERS OF THE 2019 NOBEL PRIZE IN ECONOMICS Imagine you have a few million dollars. You want to spend it on the poor. How do you go about it? Billions 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 about the poor and the world that are untested generalizations at best, harmful misperceptions at worst. Abhijit V. Banerjee and Esther Duflo have pioneered the use of randomized control trials in development economics through their award-winning Poverty Action Lab. They argue that by using randomized control trials, and more generally, by paying careful attention to the evidence, it is possible to make accurate—and often startling assessments—on what really impacts the poor and what doesn’t. Why would a man in Morocco who doesn’t have enough to eat buy a television? Why is it so hard for children in poor areas to learn even when they attend school? Why do the poorest people in Maharashtra spend 5 percent of their total budget on sugar? Does having lots of children actually make you poorer? Drawing on their research at the Poverty Action Lab and their fifteen years of fieldwork in India and across the world, the two economists ask many such questions and show why the poor, despite having the same desires and abilities as anyone else, end up with entirely different lives. Revelatory and impassioned, Poor Economics is a pathbreaking book that will help you to understand the real causes of poverty and how to end it.

Poor Economics

Poor Economics
Author by: Abhijit V. Banerjee,Esther Duflo
Release: 2012
Editor: Penguin Books, Limited (UK)
Pages: 303
ISBN: 0718193660
Language: un
Available :

SUMMARY:

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.

Good Economics for Hard Times

Good Economics for Hard Times
Author by: Abhijit V. Banerjee,Esther Duflo
Release: 2019-11-12
Editor: PublicAffairs
Pages: 432
ISBN: 9781541762879
Language: en
Available :

SUMMARY:

The winners of the Nobel Prize show how economics, when done right, can help us solve the thorniest social and political problems of our day. Figuring out how to deal with today's critical economic problems is perhaps the great challenge of our time. Much greater than space travel or perhaps even the next revolutionary medical breakthrough, what is at stake is the whole idea of the good life as we have known it. Immigration and inequality, globalization and technological disruption, slowing growth and accelerating climate change--these are sources of great anxiety across the world, from New Delhi and Dakar to Paris and Washington, DC. The resources to address these challenges are there--what we lack are ideas that will help us jump the wall of disagreement and distrust that divides us. If we succeed, history will remember our era with gratitude; if we fail, the potential losses are incalculable. In this revolutionary book, renowned MIT economists Abhijit V. Banerjee and Esther Duflo take on this challenge, building on cutting-edge research in economics explained with lucidity and grace. Original, provocative, and urgent, Good Economics for Hard Times makes a persuasive case for an intelligent interventionism and a society built on compassion and respect. It is an extraordinary achievement, one that shines a light to help us appreciate and understand our precariously balanced world.

The Economics of Poverty

The Economics of Poverty
Author by: Martin Ravallion
Release: 2016-01-07
Editor: Oxford University Press
Pages: 720
ISBN: 9780190212773
Language: en
Available :

SUMMARY:

While there is no denying that the world has made huge progress against absolute poverty over the last 200 years, until recent times the bulk of that progress had been made in wealthy countries only. The good news is that we have seen greater progress against poverty in the developing world in recent times-indeed, a faster pace of progress against extreme poverty than the rich world saw over a period of 100 years or more of economic development. However, continuing progress is far from assured. High and rising inequality has stalled progress against poverty in many countries. We are seeing generally rising relative poverty in the rich world as a whole over recent decades. And even in the developing world, there has been less progress in reaching the poorest, who risk being left behind, and a great many people in the emerging middle class remain highly vulnerable to falling back into poverty. The Economics of Poverty strives to support well-informed efforts to put in place effective policies to assure continuing success in reducing poverty in all its dimensions. The book reviews critically the past and present debates on the central policy issues of economic development everywhere. How much poverty is there? Why does poverty exist? What can be done to eliminate poverty? Martin Ravallion provides an accessible new synthesis of current knowledge on these issues. It does not assume that readers know economics already. Those new to economics get a lot of help along the way in understanding its concepts and methods. Economics lives though its relevance to real world problems, and here the problem of global poverty is both the central focus and a vehicle for learning.

The Economics of Poverty Traps

The Economics of Poverty Traps
Author by: Christopher B. Barrett,Michael Carter,Jean-Paul Chavas,Michael R. Carter
Release: 2019-01-11
Editor: University of Chicago Press
Pages: 464
ISBN: 9780226574448
Language: en
Available :

SUMMARY:

What circumstances or behaviors turn poverty into a cycle that perpetuates across generations? The answer to this question carries especially important implications for the design and evaluation of policies and projects intended to reduce poverty. Yet a major challenge analysts and policymakers face in understanding poverty traps is the sheer number of mechanisms—not just financial, but also environmental, physical, and psychological—that may contribute to the persistence of poverty all over the world. The research in this volume explores the hypothesis that poverty is self-reinforcing because the equilibrium behaviors of the poor perpetuate low standards of living. Contributions explore the dynamic, complex processes by which households accumulate assets and increase their productivity and earnings potential, as well as the conditions under which some individuals, groups, and economies struggle to escape poverty. Investigating the full range of phenomena that combine to generate poverty traps—gleaned from behavioral, health, and resource economics as well as the sociology, psychology, and environmental literatures—chapters in this volume also present new evidence that highlights both the insights and the limits of a poverty trap lens. The framework introduced in this volume provides a robust platform for studying well-being dynamics in developing economies.

The End of Poverty

The End of Poverty
Author by: Jeffrey Sachs
Release: 2005
Editor: Penguin
Pages: 397
ISBN: 9780143036586
Language: en
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SUMMARY:

An international economic advisor shares a wide-spectrum theory about how to enable economic success throughout the world, posing solutions to top political, environmental, and social problems that contribute to poverty.

Making Aid Work

Making Aid Work
Author by: Abhijit Vinayak Banerjee
Release: 2007-03-23
Editor: MIT Press
Pages: 188
ISBN: 9780262260398
Language: en
Available :

SUMMARY:

An encouraging account of the potential of foreign aid to reduce poverty and a challenge to all aid organizations to think harder about how they spend their money. With more than a billion people now living on less than a dollar a day, and with eight million dying each year because they are simply too poor to live, most would agree that the problem of global poverty is our greatest moral challenge. The large and pressing practical question is how best to address that challenge. Although millions of dollars flow to poor countries, the results are often disappointing. In Making Aid Work, Abhijit Banerjee—an "aid optimist"—argues that aid has much to contribute, but the lack of analysis about which programs really work causes considerable waste and inefficiency, which in turn fuels unwarranted pessimism about the role of aid in fostering economic development. Banerjee challenges aid donors to do better. Building on the model used to evaluate new drugs before they come on the market, he argues that donors should assess programs with field experiments using randomized trials. In fact, he writes, given the number of such experiments already undertaken, current levels of development assistance could focus entirely on programs with proven records of success in experimental conditions. Responding to his challenge, leaders in the field—including Nicholas Stern, Raymond Offenheiser, Alice Amsden, Ruth Levine, Angus Deaton, and others—question whether randomized trials are the most appropriate way to evaluate success for all programs. They raise broader questions as well, about the importance of aid for economic development and about the kinds of interventions (micro or macro, political or economic) that will lead to real improvements in the lives of poor people around the world. With one in every six people now living in extreme poverty, getting it right is crucial.

The Social Economics of Poverty

The Social Economics of Poverty
Author by: Christopher Brendan Barrett
Release: 2005
Editor: Psychology Press
Pages: 409
ISBN: 0415700884
Language: en
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SUMMARY:

This title presents an analysis of the moral and social dimensions of microeconomic behaviour, questioning the application of standard neo-classical assumptions to communities with widespread disparity of income.

The Oxford Handbook of the Economics of Poverty

The Oxford Handbook of the Economics of Poverty
Author by: Philip N. Jefferson
Release: 2012-11-29
Editor: Oxford University Press on Demand
Pages: 849
ISBN: 9780195393781
Language: en
Available :

SUMMARY:

This Handbook examines poverty measurement, anti-poverty policy and programs, and poverty theory from the perspective of economics. It is written in a highly accessible style that encourages critical thinking about poverty. What's known about the sources of poverty and its alleviation are summarized and conventional thinking about poverty is challenged.

More Than Good Intentions

More Than Good Intentions
Author by: Dean Karlan,Jacob Appel
Release: 2012
Editor: Plume Books
Pages: 308
ISBN: 0452297567
Language: en
Available :

SUMMARY:

Draws on behavioral economics and interviews with villagers from some of the world's most impoverished regions to demonstrate how small changes in banking, insurance, health care, and other initiatives can significantly improve poverty rates.

Why Nations Fail

Why Nations Fail
Author by: Daron Acemoğlu,James A. Robinson
Release: 2012
Editor: Currency
Pages: 529
ISBN: 9780307719218
Language: en
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SUMMARY:

An award-winning professor of economics at MIT and a Harvard University political scientist and economist evaluate the reasons that some nations are poor while others succeed, outlining provocative perspectives that support theories about the importance of institutions.

Poor Economics

Poor Economics
Author by: Ford Foundation International Professor of Economics Abhijit Vinayak Banerjee,Esther Duflo
Release: 2014-05-10
Editor: Highbridge Company
Pages: 329
ISBN: 161174752X
Language: un
Available :

SUMMARY:

Two highly regarded economists relay 15 years of research into a smart, engaging investigation of the real nature of global poverty and why current approaches to addressing miss the mark.

The Cost of Not Educating the World s Poor

The Cost of Not Educating the World   s Poor
Author by: Lynn Ilon
Release: 2015-05-15
Editor: Routledge
Pages: 232
ISBN: 9781317499947
Language: en
Available :

SUMMARY:

In The Cost of Not Educating the World’s Poor, Lynn Ilon observes from her 30 years of travel and work in some 20 developing countries, how global instability, problems of environmental degradation, spread of global disease, migration and political instability are a cost of viewing the uneducated poor as separated from a networked of fast-growing global knowledge. This book shows how powerful global learning systems are rapidly forming and linking the rich world with the world of the poor and developing nations. Using a narrative voice interleaved with concise introductions to the underlying theories (economics, development, learning, technology and networks) it shows us how changing our ways of thinking can lead to new possibilities. The Cost of Not Educating the World’s Poor is based on an emerging theory of development economics and the author’s own vast experiences and stories. It also discusses, among other issues: International development and how it has evolved toward an emphasis on knowledge How networked human capital creates new potential for poorly resourced countries The formation of a global system of learning networks The digitization of knowledge How nations improve their well-being through knowledge and equity This inter-disciplinary assessment of international learning inequality and the methods to overcome it will appeal to researchers concerned with emerging concepts of global learning networks and their effects on development. It will also be of interest to students and policymakers studying national inequality, economics, and global development.

The Tyranny of Experts

The Tyranny of Experts
Author by: William Easterly
Release: 2014-03-04
Editor: Basic Books
Pages: 416
ISBN: 9780465080908
Language: en
Available :

SUMMARY:

In this "bracingly iconoclastic” book (New York Times Book Review), a renowned economics scholar breaks down the fight to end global poverty and the rights that poor individuals have had taken away for generations. In The Tyranny of Experts, renowned economist William Easterly examines our failing efforts to fight global poverty, and argues that the "expert approved" top-down approach to development has not only made little lasting progress, but has proven a convenient rationale for decades of human rights violations perpetrated by colonialists, postcolonial dictators, and US and UK foreign policymakers seeking autocratic allies. Demonstrating how our traditional antipoverty tactics have both trampled the freedom of the world's poor and suppressed a vital debate about alternative approaches to solving poverty, Easterly presents a devastating critique of the blighted record of authoritarian development. In this masterful work, Easterly reveals the fundamental errors inherent in our traditional approach and offers new principles for Western agencies and developing countries alike: principles that, because they are predicated on respect for the rights of poor people, have the power to end global poverty once and for all.

Teaching with Poverty in Mind

Teaching with Poverty in Mind
Author by: Eric Jensen
Release: 2010-06-16
Editor: ASCD
Pages: 329
ISBN: 9781416612100
Language: en
Available :

SUMMARY:

In Teaching with Poverty in Mind: What Being Poor Does to Kids' Brains and What Schools Can Do About It, veteran educator and brain expert Eric Jensen takes an unflinching look at how poverty hurts children, families, and communities across the United States and demonstrates how schools can improve the academic achievement and life readiness of economically disadvantaged students. Jensen argues that although chronic exposure to poverty can result in detrimental changes to the brain, the brain's very ability to adapt from experience means that poor children can also experience emotional, social, and academic success. A brain that is susceptible to adverse environmental effects is equally susceptible to the positive effects of rich, balanced learning environments and caring relationships that build students' resilience, self-esteem, and character. Drawing from research, experience, and real school success stories, Teaching with Poverty in Mind reveals * What poverty is and how it affects students in school; * What drives change both at the macro level (within schools and districts) and at the micro level (inside a student's brain); * Effective strategies from those who have succeeded and ways to replicate those best practices at your own school; and * How to engage the resources necessary to make change happen. Too often, we talk about change while maintaining a culture of excuses. We can do better. Although no magic bullet can offset the grave challenges faced daily by disadvantaged children, this timely resource shines a spotlight on what matters most, providing an inspiring and practical guide for enriching the minds and lives of all your students.

Economic Gangsters

Economic Gangsters
Author by: Ray Fisman,Edward Miguel
Release: 2010-01-04
Editor: Princeton University Press
Pages: 264
ISBN: 1400834791
Language: en
Available :

SUMMARY:

Meet the economic gangster. He's the United Nations diplomat who double-parks his Mercedes on New York City streets at rush hour because the cops can't touch him--he has diplomatic immunity. He's the Chinese smuggler who dodges tariffs by magically transforming frozen chickens into frozen turkeys. The dictator, the warlord, the unscrupulous bureaucrat who bilks the developing world of billions in aid. The calculating crook who views stealing and murder as just another part of his business strategy. And, in the wrong set of circumstances, he might just be you. In Economic Gangsters, Raymond Fisman and Edward Miguel take readers into the secretive, chaotic, and brutal worlds inhabited by these lawless and violent thugs. Join these two sleuthing economists as they follow the foreign aid money trail into the grasping hands of corrupt governments and shady underworld characters. Spend time with ingenious black marketeers as they game the international system. Follow the steep rise and fall of stock prices of companies with unseemly connections to Indonesia's former dictator. See for yourself what rainfall has to do with witch killings in Tanzania--and more. Fisman and Miguel use economics to get inside the heads of these "gangsters," and propose solutions that can make a difference to the world's poor--including cash infusions to defuse violence in times of drought, and steering the World Bank away from aid programs most susceptible to corruption. In a new postscript, the authors look at how economists might use new tools to better understand, and fight back against, corruption and violence in the aftermath of the 2008 financial crisis. Take an entertaining walk on the dark side of global economic development with Economic Gangsters.