Poor Economics: The Surprising Truth about Life on Less Than $1 a Day
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Description
Description
From the recipients of the 2019 Nobel Prize in Economics comes an enlightening, thought-provoking book that challenges preconceived notions about life on very little. With a refreshingly original and wonderfully insightful perspective, authors Banerjee and Duflo reveal the unexpected decisions made by millions of people living below the poverty line.
This book explores some of the most paradoxical aspects of poverty, including why the poorest in India spend a significant portion of their food budget on sugar and why having more children does not necessarily lead to greater poverty. Through their research and analysis, Banerjee and Duflo offer a new understanding of the surprising way the world truly operates. Winner of the FT Goldman Sachs Business Book of the Year Award 2011.