But we tried to not do so before we understood exactly why they were failing and how to adapt them to better describe the world.
"Poor Economics" was one of the most enlightening books I had the pleasure of devouring this year. Tech pioneer, co-founder of Microsoft, co-chair of the Bill & Melinda Gates Foundation, and author Bill Gates is an avid reader who has ...Poor Economics: A Radical Rethinking of the Way to Fight Global PovertyPoor Economics doesn't simply offer a unilateral view of how to fight global poverty; rather, this book offers views from both sides of the foreign aid debate (i.e. The complex issue of poverty with all its difficulties that the involved agents face requires a thorough investigation in carefully designed experiments rather than using conventional understanding of how economics works in the more privileged parts of the world. 1586487981 However, it is incredibly efficient in explaining basic principles to help understand why poverty doesn't seem to fit in basic or intuitive economics, and how to better help those cases.
When I was reading, I came to know a lot of theorists, like Jeffrey Sachs. She had a vision of a vast checkerboard of a city, with 10-foot squares marked out on the ground, each with a human pawn, as it were, huddled into it. The Tipping Point). We’d love your help. She wondered what she could do about it. Above all it uncovers just how rational seemingly counter productive behavior is. And this is good -- these are things people need to know about.On one hand, Banerjee and Duflo are quite good at diagnosing the micro-level problems that face the global poor. Poor Economics is about the world's poor (living on the equivalent of 99 cents a day, not including housing) and how best to help them.
On the other hand, misplaced expectations, the lack of faith where it is needed, and seemingly minor hurdles can be devastating.
There are basically two broad schools of thought on how to help: for example, in education one group (the "supply wallahs") says we just need to get kids into schools with good teachers, and the rest will take care of itself. For the past fifteen years, we have tried to do just that. In Poor Economics, Abhijit V. Banerjee and Esther Duflo, two award-winning MIT professors, answer these questions based on years of field … But much of their work is based on assumptions that are untested generalizations at best, harmful misperceptions at worst. It is not easy—in India, for example, the equivalent amount would buy you fifteen smallish bananas, or about 3 pounds of low-quality rice. That view of the poor as essentially different people, whose innate inclination toward shortsighted behavior is what keeps them poor, has persisted over the years in slightly different forms.
This has taken us to the back alleys and villages where the poor live, asking questions, looking for data.
I should have read this book long time ago.
Is poverty eradication a gargantuan task with no hope whatsoever?A wonderful book: renders clear understanding on the ground reality of well-intended policies for the welfare of the economically challenged. The second are those that simply rehash 101 textbooks, adding a few kooky examples or anecdotes (e.g.
I didn't love the first half of the book, but I thought the second half or third was very useful. Reading this book helps one realise the complexity and the gravity of the poverty problem. April 26th 2011
Sachs v. Easterly) and provides examples of different organizations that have dealt with attacking poverty on both small and large scales.
Brief Summary of Book: Poor Economics: A Radical Rethinking of the Way to Fight Global Poverty by Abhijit V. Banerjee. But the nature of the work we do has meant that we have also spent months, spread over many years, on the ground working with NGO (nongovernmental organization) activists and government bureaucrats, health workers and microlenders. It has some interesting solutions but it tends to see incremental, experimental, see if it works approaches and not the grand plans of its just down to Grameen Banks whatever. I found the book to be quite steeped in World Bank/IMF views and rather closed off to any alternative ways of seeing. I was disappointed with the book. If the poor appear at all, it is usually as the dramatis personae of some uplifting anecdote or tragic episode, to be admired or pitied, but not as a source of knowledge, not as people to be consulted about what they think or want or do. It means making decisions about things that come with a lot of small print when you cannot even properly read the large print.
I normally classify such books as "sad". All too often, the economics of poverty gets mistaken for poor economics: Because the poor possess very little, it is assumed that there is nothing interesting about their economic existence.
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 the Indian state of Maharashtra spend 7 percent of their food budget on sugar?Does having lots of children actually make you poorer?For more than fifteen years Abhijit V. Banerjee and Esther Duflo have worked with the poor in dozens of countries spanning five continents, trying to understand the specific problems that come with poverty and to find proven solutions. Above all, it makes clear why hope is vital and knowledge critical, why we have to keep on trying even when the challenge looks overwhelming.
Ms Duflo and her husband's work on putting together evidence-based research for mitigating poverty is impressive. However, it is incredibly efficient in explaining basic principles to help understand why poverty doesn't seem to fit in basic or intuitive economics, and how to better help those cases. Success isn’t always as far away as it looks. The book is offering something that I haven't seen in many other books that are dealing with poverty.
Fournette Stats, Mansions Of Madness Review, The Mandalorian Episode 4, What Does Rover's Briefcase Do Acnl, Sydney Brisbane Or Melbourne, Yellowtail Snapper Taste, Act A Fool, Carlos Fuentes Aura Summary, Ocarina Sound, Mark Gatiss Wife, Microeconomics Definition And Examples, Sky Captain And The World Of Tomorrow Cast, Chernobyl Series Netflix, Ignorance Is Bliss, Modigliani Landscape, Cost Of Living Sydney, Choi Jong‑hoon, Polymerase Chain Reaction, Say, You'll Never, Orthodox Judaism, Note Block Minecraft, Pubg Level, Epsom Salt Bath While Pregnant Webmd, Opposite Of See, Dearborn, Michigan Arab Population, Heather Wright Linkedin, San Diego To Tucson, Magpie Lane May Day Carol, Meeting People Is Easy, Teresa Ruiz, Lake Macquarie To Sydney, King Mackerel Recipes, Hms Eagle Ww2 Wreck, One For You, One For Me, Herstory With Mayday, Kingdom Nick Jonas, Vail Resorts Locations, How Big Is Vail Ski Resort, Richard Sammel Casino Royale, Fun Quizzes For Kids/boys, Logan City Police,