Poor Economics

Poor Economics
Author: Abhijit Banerjee,Esther Duflo
Publsiher: PublicAffairs
Total Pages: 320
Release: 2012-03-27
ISBN 10: 1610391608
ISBN 13: 9781610391603
Language: EN, FR, DE, ES & NL

Poor Economics Book Review:

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: Abhijit Banerjee,Esther Duflo
Publsiher: Hachette UK
Total Pages: 320
Release: 2012-03-27
ISBN 10: 1610391608
ISBN 13: 9781610391603
Language: EN, FR, DE, ES & NL

Poor Economics Book Review:

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: Abhijit V Banerjee,Esther Duflo
Publsiher: Random House India
Total Pages: 460
Release: 2011-11-20
ISBN 10: 8184002122
ISBN 13: 9788184002126
Language: EN, FR, DE, ES & NL

Poor Economics Book Review:

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.

Good Economics for Hard Times

Good Economics for Hard Times
Author: Abhijit V. Banerjee,Esther Duflo
Publsiher: PublicAffairs
Total Pages: 432
Release: 2019-11-12
ISBN 10: 1541762878
ISBN 13: 9781541762879
Language: EN, FR, DE, ES & NL

Good Economics for Hard Times Book Review:

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.

Poor Economics

Poor Economics
Author: Abhijit V. Banerjee,Esther Duflo
Publsiher: Penguin Books, Limited (UK)
Total Pages: 303
Release: 2012
ISBN 10: 9780718193669
ISBN 13: 0718193660
Language: EN, FR, DE, ES & NL

Poor Economics Book Review:

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.

The Economics of Poverty

The Economics of Poverty
Author: Martin Ravallion
Publsiher: Oxford University Press
Total Pages: 720
Release: 2016-01-07
ISBN 10: 0190212772
ISBN 13: 9780190212773
Language: EN, FR, DE, ES & NL

The Economics of Poverty Book Review:

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.

More Than Good Intentions

More Than Good Intentions
Author: Dean Karlan,Jacob Appel
Publsiher: Plume Books
Total Pages: 308
Release: 2012
ISBN 10: 9780452297562
ISBN 13: 0452297567
Language: EN, FR, DE, ES & NL

More Than Good Intentions Book Review:

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.

The Economics of Poverty Traps

The Economics of Poverty Traps
Author: Christopher B. Barrett,Michael Carter,Jean-Paul Chavas,Michael R. Carter
Publsiher: University of Chicago Press
Total Pages: 464
Release: 2019-01-11
ISBN 10: 022657444X
ISBN 13: 9780226574448
Language: EN, FR, DE, ES & NL

The Economics of Poverty Traps Book Review:

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 Economics of Poverty Inequality and Wealth Accumulation in Mexico

The Economics of Poverty  Inequality and Wealth Accumulation in Mexico
Author: M. Székely
Publsiher: Springer
Total Pages: 282
Release: 1998-09-21
ISBN 10: 0230372619
ISBN 13: 9780230372610
Language: EN, FR, DE, ES & NL

The Economics of Poverty Inequality and Wealth Accumulation in Mexico Book Review:

The aim of this book is to understand why despite a considerable increase in average income in Mexico during the 1984-1992 period of economic liberalization, the conditions of the poorest of the poor deteriorated and income inequality increased. To explain why some individuals were able to take advantage of the opportunities which the economy was generating, while others were prevented from doing so, the author suggests some methodology to extract additional information from poverty and inequality measures, and test the main theories of household saving behaviour.

The Tyranny of Experts

The Tyranny of Experts
Author: William Easterly
Publsiher: Basic Books
Total Pages: 416
Release: 2014-03-04
ISBN 10: 0465080901
ISBN 13: 9780465080908
Language: EN, FR, DE, ES & NL

The Tyranny of Experts Book Review:

Over the last century, global poverty has largely been viewed as a technical problem that merely requires the right “expert” solutions. Yet all too often, experts recommend solutions that fix immediate problems without addressing the systemic political factors that created them in the first place. Further, they produce an accidental collusion with “benevolent autocrats,” leaving dictators with yet more power to violate the rights of the poor. In The Tyranny of Experts, economist William Easterly, bestselling author of The White Man's Burden, traces the history of the fight against global poverty, showing not only how these tactics have trampled the individual freedom of the world's poor, but how in doing so have suppressed a vital debate about an alternative approach to solving poverty: freedom. Presenting a wealth of cutting-edge economic research, Easterly argues that only a new model of development—one predicated on respect for the individual rights of people in developing countries, that understands that unchecked state power is the problem and not the solution —will be capable of ending global poverty once and for all.

The Bottom Billion

The Bottom Billion
Author: Paul Collier
Publsiher: Oxford University Press
Total Pages: 224
Release: 2007-05-25
ISBN 10: 019804254X
ISBN 13: 9780198042549
Language: EN, FR, DE, ES & NL

The Bottom Billion Book Review:

In the universally acclaimed and award-winning The Bottom Billion, Paul Collier reveals that fifty failed states--home to the poorest one billion people on Earth--pose the central challenge of the developing world in the twenty-first century. The book shines much-needed light on this group of small nations, largely unnoticed by the industrialized West, that are dropping further and further behind the majority of the world's people, often falling into an absolute decline in living standards. A struggle rages within each of these nations between reformers and corrupt leaders--and the corrupt are winning. Collier analyzes the causes of failure, pointing to a set of traps that ensnare these countries, including civil war, a dependence on the extraction and export of natural resources, and bad governance. Standard solutions do not work, he writes; aid is often ineffective, and globalization can actually make matters worse, driving development to more stable nations. What the bottom billion need, Collier argues, is a bold new plan supported by the Group of Eight industrialized nations. If failed states are ever to be helped, the G8 will have to adopt preferential trade policies, new laws against corruption, new international charters, and even conduct carefully calibrated military interventions. Collier has spent a lifetime working to end global poverty. In The Bottom Billion, he offers real hope for solving one of the great humanitarian crises facing the world today. "Set to become a classic. Crammed with statistical nuggets and common sense, his book should be compulsory reading." --The Economist "If Sachs seems too saintly and Easterly too cynical, then Collier is the authentic old Africa hand: he knows the terrain and has a keen ear.... If you've ever found yourself on one side or the other of those arguments--and who hasn't?--then you simply must read this book." --Niall Ferguson, The New York Times Book Review "Rich in both analysis and recommendations.... Read this book. You will learn much you do not know. It will also change the way you look at the tragedy of persistent poverty in a world of plenty." --Financial Times

The End of Poverty

The End of Poverty
Author: Jeffrey Sachs
Publsiher: Penguin
Total Pages: 397
Release: 2006
ISBN 10: 0143036580
ISBN 13: 9780143036586
Language: EN, FR, DE, ES & NL

The End of Poverty Book Review:

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.

Why Nations Fail

Why Nations Fail
Author: Daron Acemoğlu,James A. Robinson
Publsiher: Crown Business
Total Pages: 529
Release: 2012
ISBN 10: 0307719219
ISBN 13: 9780307719218
Language: EN, FR, DE, ES & NL

Why Nations Fail Book Review:

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.

Dollars and Sense

Dollars and Sense
Author: Dr. Dan Ariely,Jeff Kreisler
Publsiher: HarperCollins
Total Pages: 288
Release: 2017-11-07
ISBN 10: 0062651226
ISBN 13: 9780062651228
Language: EN, FR, DE, ES & NL

Dollars and Sense Book Review:

Why is paying for things painful? Why are we comfortable overpaying for something in the present just because we’ve overpaid for it in the past? Why is it easy to pay $4 for a soda on vacation, when we wouldn’t spend more than $1 on that same soda at our local grocery store? We think of money as numbers, values, and amounts, but when it comes down to it, when we actually use our money, we engage our hearts more than our heads. Emotions play a powerful role in shaping our financial behavior, often making us our own worst enemies as we try to save, access value, and spend responsibly. In Dollars and Sense, bestselling author and behavioral economist Dan Ariely teams up with financial comedian and writer Jeff Kreisler to challenge many of our most basic assumptions about the precarious relationship between our brains and our money. In doing so, they undermine many of personal finance’s most sacred beliefs and explain how we can override some of our own instincts to make better financial choices. Exploring a wide range of everyday topics—from the lure of pain-free spending with credit cards to the pitfalls of household budgeting to the seductive power of holiday sales—Ariely and Kreisler demonstrate how our misplaced confidence in our spending habits frequently leads us astray, costing us more than we realize, whether it’s the real value of the time we spend driving forty-five minutes to save $10 or our inability to properly assess what the things we buy are actually worth. Together Ariely and Kreisler reveal the emotional forces working against us and how we can counteract them. Mixing case studies and anecdotes with concrete advice and lessons, they cut through the unconscious fears and desires driving our worst financial instincts and teach us how to improve our money habits. The result not only reveals the rationale behind our most head-scratching financial choices but also offers clear guidance for navigating the treacherous financial landscape of the brain. Fascinating, engaging, funny, and essential, Dollars and Sense provides the practical tools we need to understand and improve our financial choices, save and spend smarter, and ultimately live better.

Poor Numbers

Poor Numbers
Author: Morten Jerven
Publsiher: Cornell University Press
Total Pages: 208
Release: 2013-02-01
ISBN 10: 0801467616
ISBN 13: 9780801467615
Language: EN, FR, DE, ES & NL

Poor Numbers Book Review:

One of the most urgent challenges in African economic development is to devise a strategy for improving statistical capacity. Reliable statistics, including estimates of economic growth rates and per-capita income, are basic to the operation of governments in developing countries and vital to nongovernmental organizations and other entities that provide financial aid to them. Rich countries and international financial institutions such as the World Bank allocate their development resources on the basis of such data. The paucity of accurate statistics is not merely a technical problem; it has a massive impact on the welfare of citizens in developing countries. Where do these statistics originate? How accurate are they? Poor Numbers is the first analysis of the production and use of African economic development statistics. Morten Jerven's research shows how the statistical capacities of sub-Saharan African economies have fallen into disarray. The numbers substantially misstate the actual state of affairs. As a result, scarce resources are misapplied. Development policy does not deliver the benefits expected. Policymakers' attempts to improve the lot of the citizenry are frustrated. Donors have no accurate sense of the impact of the aid they supply. Jerven's findings from sub-Saharan Africa have far-reaching implications for aid and development policy. As Jerven notes, the current catchphrase in the development community is "evidence-based policy," and scholars are applying increasingly sophisticated econometric methods-but no statistical techniques can substitute for partial and unreliable data.

Making Aid Work

Making Aid Work
Author: Abhijit Vinayak Banerjee
Publsiher: MIT Press
Total Pages: 188
Release: 2007-03-23
ISBN 10: 0262260395
ISBN 13: 9780262260398
Language: EN, FR, DE, ES & NL

Making Aid Work Book Review:

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.

Economics of Poverty Environment and Natural Resource Use

Economics of Poverty  Environment and Natural Resource Use
Author: Rob B. Dellink,Arjan Ruijs
Publsiher: Springer Science & Business Media
Total Pages: 210
Release: 2008-03-25
ISBN 10: 9781402083037
ISBN 13: 1402083033
Language: EN, FR, DE, ES & NL

Economics of Poverty Environment and Natural Resource Use Book Review:

Reduction of poverty is a tremendous and persistent challenge for the global community. Given that the livelihood of millions is at stake, there is an urgent need to reconsider the causes of and the remedies for poverty. Poverty and its reduction are closely linked to the natural-resources base. The quality and bounty of the local environment certainly affect living conditions of the poor and their poverty is often seen as a contributing factor to the degraded condition of the local environment. Teasing apart the direction of causality in this resource–poverty nexus is a serious empirical challenge. This book contributes to an improved understanding of the economic dimensions of environmental and natural-resource management and poverty alleviation. The ten chapters of the book offer an overview of the current knowledge concerning the relation between poverty, environment and natural-resource use. Three sides of the debate receive particular attention. First, the relation between resource use and poverty is discussed from a theoretical point of view. Second, it is questioned whether payments for environmental services or considering values of resources can be an effective tool for stimulating both sustainable resource use and poverty alleviation. Third, alternative strategies to break the land degradation–poverty cycle are discussed.

The Oxford Handbook of the Economics of Poverty

The Oxford Handbook of the Economics of Poverty
Author: Philip N. Jefferson
Publsiher: Oxford University Press on Demand
Total Pages: 849
Release: 2012-11-29
ISBN 10: 0195393783
ISBN 13: 9780195393781
Language: EN, FR, DE, ES & NL

The Oxford Handbook of the Economics of Poverty Book Review:

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.

Confessions of an Economic Hit Man

Confessions of an Economic Hit Man
Author: John Perkins
Publsiher: Berrett-Koehler Publishers
Total Pages: 250
Release: 2004-11-09
ISBN 10: 9781576755129
ISBN 13: 1576755126
Language: EN, FR, DE, ES & NL

Confessions of an Economic Hit Man Book Review:

Perkins, a former chief economist at a Boston strategic-consulting firm, confesses he was an "economic hit man" for 10 years, helping U.S. intelligence agencies and multinationals cajole and blackmail foreign leaders into serving U.S. foreign policy and awarding lucrative contracts to American business.

Wealth Poverty and Politics

Wealth  Poverty and Politics
Author: Thomas Sowell
Publsiher: Basic Books
Total Pages: 576
Release: 2016-09-06
ISBN 10: 0465096778
ISBN 13: 9780465096770
Language: EN, FR, DE, ES & NL

Wealth Poverty and Politics Book Review:

In Wealth, Poverty, and Politics, Thomas Sowell, one of the foremost conservative public intellectuals in this country, argues that political and ideological struggles have led to dangerous confusion about income inequality in America. Pundits and politically motivated economists trumpet ambiguous statistics and sensational theories while ignoring the true determinant of income inequality: the production of wealth. We cannot properly understand inequality if we focus exclusively on the distribution of wealth and ignore wealth production factors such as geography, demography, and culture. Sowell contends that liberals have a particular interest in misreading the data and chastises them for using income inequality as an argument for the welfare state. Refuting Thomas Piketty, Paul Krugman, and others on the left, Sowell draws on accurate empirical data to show that the inequality is not nearly as extreme or sensational as we have been led to believe. Transcending partisanship through a careful examination of data, Wealth, Poverty, and Politics reveals the truth about the most explosive political issue of our time.