Poor Economics by Abhijit Banerjee
A Radical Rethinking of the Way to Fight Global Poverty

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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 practical visionaries working toward ending world poverty, answer these questions from the ground. In a book the Wall Street Journal called “marvelous, rewarding,” the authors tell how the stress of living on less than 99 cents per day encourages the poor to make questionable decisions that feed—not fight—poverty. The result is a radical rethinking of the economics of poverty that offers a ringside view of the lives of the world’s poorest, and shows that creating a world without poverty begins with understanding the daily decisions facing the poor.

About Abhijit Banerjee

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Abhijit Vinayak Banerjee is the Ford Foundation International Professor of Economics at MIT. He is the recipient of many honors and awards, including most recently the inaugural Infosys Prize in 2009, and has been an honorary advisor to many organizations including the World Bank and the Government of India. Esther Duflo is the Abdul Latif Jameel Professor of Poverty Alleviation and Development Economics at MIT. She is a recipient of the MacArthur "genius" award (2009) and the John Bates Clark medal awarded annually to the best American economist under forty (2012). In 2003, Banerjee and Duflo cofounded the Abdul Latif Jameel Poverty Action Lab (J-PAL), which they continue to direct.
Published March 27, 2012 by PublicAffairs. 321 pages
Genres: Business & Economics, Political & Social Sciences, Professional & Technical, Education & Reference. Non-fiction

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The Guardian

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Their overwhelming message is that there is no Big Idea or golden bullet, so we should stop thinking about "Aid", and start thinking about "aid".

Apr 22 2012 | Read Full Review of Poor Economics: A Radical Ret...

The Economist

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Poor Economics: A Radical Rethinking of the Way to Fight Global Poverty.

Apr 20 2011 | Read Full Review of Poor Economics: A Radical Ret...


In Poor Economics, Abhijit V Banerjee and Esther Duflo offer astounding economic insights on the poor, such as that they choose not to spend as much as they can on food.

Sep 24 2011 | Read Full Review of Poor Economics: A Radical Ret...

London School of Economics

A highly readable and enjoyable presentation of eight years of field research in developing countries which covers issues around representation and the lack of aid evaluation, reviewed by Arnaud Vaganay.

Sep 04 2011 | Read Full Review of Poor Economics: A Radical Ret...

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