Poor Economics: Barefoot Hedge-fund Managers, Reluctant Entrepreneurs and the Su

Discover the groundbreaking insights in 'Poor Economics: Barefoot Hedge-fund Managers, Reluctant Entrepreneurs and the Su' by Abhijit V. Banerjee and Esther Duflo. This compelling read challenges your perceptions about poverty and the daily choices faced by the world's poorest. Why would someone in Morocco buy a television despite food scarcity? How can saving be a luxury for those who barely get by? This illuminating book explores the complex realities of economic decisions made by individuals living below the poverty line, revealing the intricate web of motivations and behaviors. Delve into a world where borrowing becomes a form of savings and risk-taking characterizes both the poor and the wealthy. This 308-page paperback, published by Penguin UK in 2012, is essential for anyone interested in economics, social justice, and the true nature of poverty. 'Poor Economics' is not just a book; it's an eye-opener that equips readers with a new understanding of how lives are transformed amid dire circumstances. Ideal for students, professionals, and anyone curious about global economic dynamics, this book promises to enlighten and challenge your existing beliefs.

Condition: BRAND NEW
ISBN: 9780718193669
Format: B-format paperback
Year: 2012
Publisher: Penguin UK
Pages: 308


Description:
Why would a man in Morocco who doesn't have enough to eat buy a television? Why do the poorest people in India spend 7 per cent 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.

'It has been years since I read a book that taught me so much.' Steven D. Levitt, co-author of Freakonomics

'Marvellously insightful.' Amartya Sen

'An engrossing new book.' Economist

'They deserve to be congratulated, and to be read.' Wall Street Journal

'Overturns many received ideas about what it's like to be poor.' Hari Kunzru, Observer, Books of the Year




This product has FREE shipping however combined shipping for other products is not available with this item. Please allow up to 10 days for shipping.