Poor Economics: The Surprising Truth about Life on Less Than $1 a Day
FROM THE WINNERS OF THE 2019 NOBEL PRIZE IN ECONOMICS’Refreshingly original, wonderfully insightful . . . an entirely new perspective’ GuardianWhy 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.Winner of the FT Goldman Sachs Business Book of the Year Award 2011
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FROM THE WINNERS OF THE 2019 NOBEL PRIZE IN ECONOMICS’Refreshingly unique, splendidly insightful . . . a wholly new perspective’ GuardianWhy would a person in Morocco who does not have sufficient to eat purchase a tv?Why do the poorest folks in India spend 7 p.c of their meals funds on sugar?Does having plenty of youngsters really make you poorer?This eye-opening e book overturns the myths about what it’s prefer to dwell on little or no, revealing the surprising choices that thousands and thousands of individuals make daily. Taking a look at among the most paradoxical elements of life under the poverty line – why the poor have to borrow to be able to save, why incentives that appear efficient to us might not be for them, and why, regardless of being extra risk-taking than excessive financiers, they begin companies however hardly ever develop them – Banerjee and Duflo supply a brand new understanding of the shocking manner the world actually works.Winner of the FT Goldman Sachs Enterprise E book of the Yr Award 2011
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