Poor Economics
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- Create Date：2021-03-30 11:18:41
- Update Date：2025-09-06
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- Author：Abhijit V. Banerjee
- ISBN：0718193660
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Summary
FROM THE WINNERS OF THE 2019 NOBEL PRIZE IN ECONOMICS
'Refreshingly original， wonderfully insightful 。 。 。 an entirely new perspective' Guardian
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 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
'Refreshingly original， wonderfully insightful 。 。 。 an entirely new perspective' Guardian
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 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
Reviews
Yuni Amir
，
A thorough investigation into the lives of those who are earning less than $1/day but presented in a simple， and straightforward way。 Highly recommended to those who wanted to make sense of why certain things are the way they are。There are few bits aren’t surprising， but still amazing works done by both authors。
Nandan
，
Abhijit Banerjee and Esther Duflo have been doing economic research to develop new ways to help the neglected masses and gauge the impact - for which they received the 2019 Nobel prize。 This book details that work and their approach in a remarkably accessible way。Through experiment-based approach and surprisingly simple， common-sense outlook - they have showcased various cases where macroeconomic questions of development can be tackled in a new， thoughtful way that defies easy pigeonholing on th Abhijit Banerjee and Esther Duflo have been doing economic research to develop new ways to help the neglected masses and gauge the impact - for which they received the 2019 Nobel prize。 This book details that work and their approach in a remarkably accessible way。Through experiment-based approach and surprisingly simple， common-sense outlook - they have showcased various cases where macroeconomic questions of development can be tackled in a new， thoughtful way that defies easy pigeonholing on the political/economical spectrum。 。。。more
Sara
，
الكتاب جميل جدا وممتع ومفيد، غير وجه نظري لحاجات كتير وأسلوب حياتي كمان
Ane
，
Incredible， I would give it 6 stars if I could。 A must read about economics of the poor， how they manage money， their access to basic services， their views on investment and risk。。。
Sanyog
，
One of the finest books describing the economics related to poverty。 Truly an eyeopener on poverty and the solutions prescribed for。
Tricia
，
A nuanced take on poverty traps and effective ways to help men and women escape them worldwide that acknowledges personal， cultural， and systemic issues that must be addressed for long lasting change to take place。
Suhel Banerjee
，
We have many theories about improving the quality of the life of the poor， and they are just that， theories， till we understand how things actually work at the ground level。 This book does a tremendous job of going to those who life we （the 'elite'） try to improve with our education and theories without leading their lives。 The authors have spent countless hours interviewing the poor in various countries about food， health， education， hygiene and other basic needs and brought out some sharp obse We have many theories about improving the quality of the life of the poor， and they are just that， theories， till we understand how things actually work at the ground level。 This book does a tremendous job of going to those who life we （the 'elite'） try to improve with our education and theories without leading their lives。 The authors have spent countless hours interviewing the poor in various countries about food， health， education， hygiene and other basic needs and brought out some sharp observations about the gap between theory and practice （e。g。 if you're very poor， and then your income increases a bit， will you eat more of the low quality food to get extra calories， or splurge a bit on something a bit special？） The book doesn't pretend to have all the answers。 But it leaves the readers with some probing questions。 。。。more
Woranart
，
หนังสือที่เล่าเรื่องความยากจนโดยอ้างอิงจากงานวิจัย RCT แม้จะไม่มีบทสรุปแบบสำเร็จรูป แต่ก็เข้าใจความยากจนจากข้อมูลจริง และไม่คิดเองเออเอง
Randulph Paulo
，
A great read about poverty。 Every policymaker or NGO that aims to fight poverty must read this book。 The book is an easy read and offers the reader a new perspective on poverty。Three main reasons why I love this book:1。 It is an evidence-based book that presents research on poverty concisely and beautifully。2。 It explains the poverty trap and why the poor remain poor。 The book discusses how poor people make everyday decisions， and why they make those decisions。3。 Illustrates organization and pol A great read about poverty。 Every policymaker or NGO that aims to fight poverty must read this book。 The book is an easy read and offers the reader a new perspective on poverty。Three main reasons why I love this book:1。 It is an evidence-based book that presents research on poverty concisely and beautifully。2。 It explains the poverty trap and why the poor remain poor。 The book discusses how poor people make everyday decisions， and why they make those decisions。3。 Illustrates organization and policy-driven solutions to solve different facets of poverty。PS。 I like that this book has a subtle remark on feminism， and that empowering woman helps solve poverty。PPS1。 Favorite chapter is the chapter on Health。PPS2。 I like that the graphs are very intuitive， but as an academic and researcher myself， it wouldn't hurt if it was a little bit more quantitative （i。e。， number on the x- and y-axis） 。。。more
Amishi Agrawal
，
Very unique insights in this book about life in poverty， really well researched and easy to understand。 I do wish it also talked about what pushes people into poverty; I’ve always been curious about the origins of poverty。 My favorite parts included their research about reservations for women in village governments and a discussion of the limits and benefits of micro credit。 Also， I’m slightly confused about the possibility of such solutions and careful study being undertaken in capitalist socie Very unique insights in this book about life in poverty， really well researched and easy to understand。 I do wish it also talked about what pushes people into poverty; I’ve always been curious about the origins of poverty。 My favorite parts included their research about reservations for women in village governments and a discussion of the limits and benefits of micro credit。 Also， I’m slightly confused about the possibility of such solutions and careful study being undertaken in capitalist societies。 Is our economic policy faulty or too absolute， or is it suitable to support such a vision for eliminating poverty？ Final note: very helpful for anyone who wants to work in the NGO/development studies/human rights field to know what type of work should you support and what you shouldn’t！ Love the fact that a lot of their examples come from my state， Rajasthan。 。。。more
Saket Vatsa
，
A factual perspective into how policies and choices work for marginalised community removed from propaganda of politics， society and theorist。It collects data， looks at it and tries to make an informed choice regarding the subject。Loved it :）
Zoeb Mohammedshah
，
Thoughtful， small scale focused studies on how the poor behave and policies we can implement to help them。
Artemis
，
Eye opener
Antti Värtö
，
So this book is ten years old。 I was prepared for outdated advice， especially when I saw that the book included a section on microfinance。 But imagine my surprise when the section turned out to be very sceptical on the possibility of microloans doing much good。 These days criticism towards microloans is mainstream， but ten years ago that was vanguard thinking。 On other fronts this book fares equally well: I couldn't find any claim or proposal that was outdated or debunked。 This is extremely well So this book is ten years old。 I was prepared for outdated advice， especially when I saw that the book included a section on microfinance。 But imagine my surprise when the section turned out to be very sceptical on the possibility of microloans doing much good。 These days criticism towards microloans is mainstream， but ten years ago that was vanguard thinking。 On other fronts this book fares equally well: I couldn't find any claim or proposal that was outdated or debunked。 This is extremely well done for a decade-old book on a highly politicized subject！And the book is also well-written， filled with data but also anecdotes to illustrate that data。 The marching order is very clear: the authors show their dislike towards pundits who use anecdotes in stead of data， and they keep actual research front and center。I was familiar with some of the research already， so there weren't any big surprises， but lots of small revelations。 Banerjee and Duflo help the reader understand the difficulties that cause the world's poor to stay poor。 They do not blame the poor for their situations， but they don't treat them as powerless victims， either。 It's an attitude I'd like to see in every book dealing with global poverty。Highly recommended to effective altruists and other people interested in global economics。 。。。more
Lei
，
The views are not radical。 The S-shape argument probably applies to other transitions， say from middle to upper class。
Jeremy
，
An interesting and judgment-free look at the reality that those in poor nations face as well as how to get started helping them out。
Cormac D
，
You are shown how immigration is not a cause of job loss， in fact the more diverse your country is the more resilient it will be to economic change。You are given an overhead view of important problems facing governments today on both a macro and micro scale。If your interested in equality and economics I would recommend this book to you。
Nikhil Meshram
，
This books gives your perspective on ways to eradicate poverty from society。
Krzysztof Kropidłowski
，
Could not imagine a better intro to the work that has been done in the field of RCTs and development economics。 Lot's of ideas to process， but definitely worth it。 Debunks some common myths about poverty， and makes one understand some seeming odd behaviour from the perspective of the Westerners。 Could not imagine a better intro to the work that has been done in the field of RCTs and development economics。 Lot's of ideas to process， but definitely worth it。 Debunks some common myths about poverty， and makes one understand some seeming odd behaviour from the perspective of the Westerners。 。。。more
Ruby Jusoh
，
Both were awarded the Nobel Prize in 2019 for their work in alleviating poverty。 I've had the book for years。 Didn't read it as I find economy very difficult to understand。 However， this book was written in a factual yet compassionate manner。 There are numbers and data， of course， but there are also stories of families trying to get by from Indonesia to India。 。There are a lot of assumptions we hold regarding the poor。 We are prejudiced and biased despite being extremely privileged。 Hence， the b Both were awarded the Nobel Prize in 2019 for their work in alleviating poverty。 I've had the book for years。 Didn't read it as I find economy very difficult to understand。 However， this book was written in a factual yet compassionate manner。 There are numbers and data， of course， but there are also stories of families trying to get by from Indonesia to India。 。There are a lot of assumptions we hold regarding the poor。 We are prejudiced and biased despite being extremely privileged。 Hence， the book explores the truth on how the poor lives and their perspective on life。 A lot of topics covered here。 Basic needs， fertilizers， population control and the link between politics and livelihood。。I learnt that life can be very unpredictable。 One may be middle class today and turn poor tomorrow。 I also affirmed my belief that education is vital in improving lives。 And politics and policies must develop TOGETHER。 。Rating is 5/5。 I love how the writers write with a sense of humanitarian purpose。 I might have not understood every sentence due to my lack of knowledge but I enjoyed the process of going through the book so so much。 I hope to one day be more well-versed in the subject。 。。。more
Nuno Oliveira
，
Poor Economics is a Nobel-prize winning book that discusses the mentality and the behaviour of the poorest people in the world （those that live under $99 a day）。 Besides， the book goes through the biggest challenges of the countries in which the extremely-poor live。 This book is not politic since it doesn’t aim for the right policies to be implemented in the emerging economies。 The book develops a landscape on which are the main problems to tackle and which solutions tried to solve and failed。 I Poor Economics is a Nobel-prize winning book that discusses the mentality and the behaviour of the poorest people in the world （those that live under $99 a day）。 Besides， the book goes through the biggest challenges of the countries in which the extremely-poor live。 This book is not politic since it doesn’t aim for the right policies to be implemented in the emerging economies。 The book develops a landscape on which are the main problems to tackle and which solutions tried to solve and failed。 Institutions have a relevant role in the economic growth of these countries， however， corruption doesn't seem to be the main responsible for the lack of grow。 The problem of these countries comes mainly from the demand and not from a lack of supply。The extremely-poor people lack education， financial literacy and have mistaken beliefs about the impact of their actions。 An example， poor people privilege short-term over long-term。 Even if they explain to the poor that a small effort today has a better benefit in the future， they still prefer to benefit in the present。 Another example is that poor when faced with a decrease in the consumer-good prices， prefer to buy more variety rather than usufruct to eat more from that specific product。 This discussion goes on and on throughout the book。An excellent book （if it wasn’t an excellent book， it couldn’t have won the Nobel-prize） mainly to perceive how the poor behave in their daily lives， which are their top priorities， and how should the world and local governments look to solve these problems。 。。。more
Makmild
，
จริงๆ มายไม่เคยสนใจเรื่องความเหลื่อมล้ำมาก่อนเลยค่ะเพราะรูัสึกว่าเป็นเรื่องไกลตัว และห่างไกล คือไม่เข้าใจด้วยแหละว่าความเหลื่อมล้ำมันคืออะไร แล้วมันสร้างผลกระทบอะไรกับเราได้บ้าง มายสารภาพบาปมาตรงนี้เลยว่าเคยคิดว่าคนจนจนเพราะไม่ขยัน ขี้เกียจ และทำตัวเองทั้งนั้น ถ้าเราขยันและดิ้นรนมีหรือที่ไม่มีทางลืมตาอ้าปากได้ มายยอมรับว่าตัวเองในตอนนั้นตื้นเขินมาก แต่ก็อยากเถียงให้ตัวเองในตอนนั้นด้วยเหมือนกันว่า เมื่อ 4-5 ปีที่แล้วยังไม่ได้มีหนัง parasite ที่ทำให้คำว่า "เหลื่อมล้ำ" เข้าใจง่าย มายมาตาสว่างเพราะห จริงๆ มายไม่เคยสนใจเรื่องความเหลื่อมล้ำมาก่อนเลยค่ะเพราะรูัสึกว่าเป็นเรื่องไกลตัว และห่างไกล คือไม่เข้าใจด้วยแหละว่าความเหลื่อมล้ำมันคืออะไร แล้วมันสร้างผลกระทบอะไรกับเราได้บ้าง มายสารภาพบาปมาตรงนี้เลยว่าเคยคิดว่าคนจนจนเพราะไม่ขยัน ขี้เกียจ และทำตัวเองทั้งนั้น ถ้าเราขยันและดิ้นรนมีหรือที่ไม่มีทางลืมตาอ้าปากได้ มายยอมรับว่าตัวเองในตอนนั้นตื้นเขินมาก แต่ก็อยากเถียงให้ตัวเองในตอนนั้นด้วยเหมือนกันว่า เมื่อ 4-5 ปีที่แล้วยังไม่ได้มีหนัง parasite ที่ทำให้คำว่า "เหลื่อมล้ำ" เข้าใจง่าย มายมาตาสว่างเพราะหนังเรื่องนีัเลยค่ะ แล้วพยายามมากๆ ที่จะเข้าใจว่าปัญหาความยากจน ความเหลื่อม มันต้องทำยังไงถึงจะแก้ได้ มันเป็นแค่เรื่องของกฎหมาย รัฐบาล และนักวิชาการเท่านั้นหรือ？คำตอบคือไม่ใช่เลย ความเหลื่อมล้ำ ความยากจนเป็นเรื่องของเราทุกคน mindset แบบที่มายเคยมี มายเชื่อว่ายังมีอีกหลายคนที่ยังมีอยู่ และการทำความเข้าใจเสียใหม่ในปัจจุบันก็ไม่ใช่เรื่องยากเกินความสามารถอีกต่อไป เราสามารถเรียนรู้ได้ว่าคนจนไม่ได้จนเพราะขี้เกียจ แต่การที่ยังมีคนจนอยู่เป็นเพราะระบบมันไม่เอื้อให้คนตัวเล็กมีพื้นที่โตหรือเปล่า？ จริงๆ นอกเรื่องไปไกล แต่คำถามที่ค้างคาใจมาย เช่น ไอ้ mindset คนจนเพราะขี้เกียจมาจากไหน ทำไมคนจนถึงควบคุมตัวเองไม่ให้ซื้อเหล้าซื้อเบียร์หรือพฤติกรรมที่ทำร้ายตัวเองไม่ได้โอ๊ยย เธอจ๋า อย่าว่าแต่คนจน ดิชั้นยังไม่สามารถควบคุมตัวเองไม่ให้กินของหวานทั้งๆ ที่ปากบอกจะลดน้ำหนักไม่ได้เลย-และใช่ค่ะ ดิฉันจน （ฮือๆๆ） แต่นั่นแหละ มันคือเรื่องเดียวกัน เพราะ （จากหนังสือหน้า265） "หลายสิ่งที่คนจนอยากได้มากๆ เช่น ตู้เย็น จักรยาน การให้ลูกเรียนในโรงเรียงดีๆ ล้วนมีราคาแพง ดังนั้น เมื่อคนจนมีเงินเพียงเล็กน้อยอยู่ในมือ สิ่งล่อใจต่างๆ ก็จะมีอิทธิผลเหนือจิตใจได้มาก"คุณคะ คุณเห็นมั้ยว่าคนจนเองก็เป็นคนเหมือนกัน เขาก็เหมือนกับพวกเรา ไม่มีอะไรแตกต่างกันเลย เราต่างพยายามดิ้นรนให้มีชีวิตรอดในประเทศเส็งเคร็งนี้ด้วยกันทั้งนั้น อยากให้ทุกๆ คนได้อ่านเพื่อทำความเข้าใจ เมื่อเราเข้าใจเราถึงจะมี empathy （not sympathy） เมื่อเรามี empathy เราจะแก้ไขปัญหาได้อย่างตรงจุดมากขึ้น ไม่ใช้เอะอะๆ แจกเงินอย่างเดียว （แต่การแจกเงินก็มีประโยชน์ของมันด้วยเหมือนกัน แต่ข้อเสียที่ตามมาก็อีกนั่นแหละ） แล้วถ้าถามว่า อ่านหนังสือเล่มนี้แล้วจะแก้ไขปัญหาความยากจนได้อย่างไร โอ๊ย คุณคะ นี่มันไม่ใช่ปัญหาระดับชาติ แต่เป็นระดับโลก ไม่มียาชนิดไหนที่ให้สูตรสำเร็จ 1 แล้วแก้ได้ 100 หรอกค่ะ นั่นมันหลอกลวงผู้บริโภค！ เพราะงั้น ปัญหาความยากจนจึงต้องดูทั้งบริบท วัฒนธรรม สภาพสังคม การเมือง และอีกหลายอย่าง แน่ว่ามันยาก แต่ไม่ใช่เรื่องเป็นไปไม่ได้ มันอาจจะเป็นไปได้ในอีก 10 ปี 20ปี หรือ 100ปี แต่กว่าจะถึงวันนู้น มายไม่อยากเป็นคนที่บ่นแล้วไม่ยอมเข้าใจปัญหาเพียงอย่างเดียวจึงเริ่มต้นอ่านเล่มเพื่อสังคมที่ดีข้างหน้าค่ะ （สวยมาก มงลงไปเลยจ้า 55555） 。。。more
Aditya Gaitonde
，
Through this book， the authors deal with various aspects of developmental economics - How to improve health & educational outcomes， the impact of micro economics， policies and programmes of government，etc。 Overall， I took 2 lessons。One that there is no silver bullet to solving poverty。 Implementing policies & programmes well requires attention to detail， an understanding of cultural and political contexts and an ability to course correct。Secondly， that the decisions taken by the poor are not alw Through this book， the authors deal with various aspects of developmental economics - How to improve health & educational outcomes， the impact of micro economics， policies and programmes of government，etc。 Overall， I took 2 lessons。One that there is no silver bullet to solving poverty。 Implementing policies & programmes well requires attention to detail， an understanding of cultural and political contexts and an ability to course correct。Secondly， that the decisions taken by the poor are not always rational and logical but subject to biases and emotions。 。Overall， a great read that busts many myths of how the poor take their decisions 。。。more
Shahinaz
，
كتاب قيم جدا يسلط الضوء على حياة الفقراء في العالم خاصة العالم الثالث وكيفية توزيع الثروة وفهم أولويات واحتياجات الفقراء الحقيقية والعمل على حلها بشكل فعال وليس مجرد تبرعات وأطعمة فقط بالإضافة إلى مناقشة التعليم في الطبقة الفقيرة من وجهة نظر هذه الطبقة وأسباب عدم لجوءهم لتعليم أبناءهملكن للأسف الكتاب مليء بالتكرار والمط ما يدعو على الملل وضياع الفكرة محل النقاشالترجمة جيدة جدا
Mayank Dixit
，
Good book for readers interested in Development Economics。
Andreas L Massey
，
The main reason this book did not get a 5-star is because it lacked a solid structure。 The content was amazing， but I would like to have seen more clear themes。 It sometimes felt like a stream of consciousness with a healthy dose of research mixed in。 Besides this lack of clear narrative， the book was amazing， and I would definitely recommend it。
مدحت عبد العاطي
，
كتاب رائع يختلف في تناوله قضية الفقر عن غيره في تنوع الأمثلة و في عدم تبني إجابة واحدة و في طرح كثير من الأفكار مصحوبة بتحليل بسيط بعيد عن التعقيدات الرياضية و الكتاب يساعد على فهم قضية الفقر من حيث كيف يشعر بها الفقير و كيف يساهم في تفاقمها و و مفهوم مصيدة الفقر من خلال رسم بياني بسيط و التي في الغالب يصاحب الفقر قصور في ترتيب الأولويات بينما يطرح الكتاب علاج مشكلة الفقر من خلال مدارس مختلفة تلك التي تؤيد تقديم مساعدات و تلك التي تعارضها 。。 أرشح الكتاب بقوة خصوصا لأهلي في مصر و المنطقة العربية كتاب رائع يختلف في تناوله قضية الفقر عن غيره في تنوع الأمثلة و في عدم تبني إجابة واحدة و في طرح كثير من الأفكار مصحوبة بتحليل بسيط بعيد عن التعقيدات الرياضية و الكتاب يساعد على فهم قضية الفقر من حيث كيف يشعر بها الفقير و كيف يساهم في تفاقمها و و مفهوم مصيدة الفقر من خلال رسم بياني بسيط و التي في الغالب يصاحب الفقر قصور في ترتيب الأولويات بينما يطرح الكتاب علاج مشكلة الفقر من خلال مدارس مختلفة تلك التي تؤيد تقديم مساعدات و تلك التي تعارضها 。。 أرشح الكتاب بقوة خصوصا لأهلي في مصر و المنطقة العربية و الدول التي تعاني من الزيادة السكانية و انتشار معدلات فقر كبيرة و كل مهتم بالإنسان و يحترم وجوده 。。。more
Adrian Kidd
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Freakonomics for issues that matter。 Poor Economics provides a ground floor view of the complexities of the lives of the poor and the challenges that exist when seeking to design policies that will deliver real change。 Short on ideology and big on details the author's philosophy is best summed up in their own words as "attend to the details， understand how people decide and be willing to experiment"。 Full of optimism yet grounded in realism that the constraints are real and big solutions to big Freakonomics for issues that matter。 Poor Economics provides a ground floor view of the complexities of the lives of the poor and the challenges that exist when seeking to design policies that will deliver real change。 Short on ideology and big on details the author's philosophy is best summed up in their own words as "attend to the details， understand how people decide and be willing to experiment"。 Full of optimism yet grounded in realism that the constraints are real and big solutions to big problems are unlikely。 Yet even incremental changes at the margin can sustain and build on themselves to translate to meaningful differences to the huge population of people who live on less than $1 a day。 。。。more
Kiana Caranto
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Really eye opening book that encouraged me to think about money and economics differently。 Perfect combination of stories and facts/statistics， but a little dense and long。
Amelia
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Good definitively worth a read。 A little repetitive as all texts like this tend to be， but really interesting content。 There are plenty of things that will surprise you and it reads much more fluidly than other texts that go into the level of detail that this does。
Reference
google book https://www.google.com/search?tbm=bks&q=Poor Economics
hathitrust digital library https://babel.hathitrust.org/cgi/ls?q1=Poor Economics&field1=ocr&a=srchls&ft=ft&lmt=ft
The British Library https://bll01.primo.exlibrisgroup.com/discovery/search?query=any,contains,Poor Economics&tab=LibraryCatalog&search_scope=Not_BL_Suppress&vid=44BL_INST:BLL01&lang=en&offset=0