Submitted by Submitted to

Muhammad Yasir Dr. Naimatullah Khan

Roll no 5
BBA 4th Section A

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 Poor Economies
A Radical rethinking of the Way to fight global poverty

ABHIJIT V.BANERJEE &

ESTHER DUFLO

Book Review

Poor Economics is a book about the very rich economics that emerges from understanding
the economic lives of the poor. It is a book about the kinds of theories that help us make sense of both
what the poor are able to achieve, and where and for what reason they need a push. Each chapter in
this book describes a search to discover what these sticking points are, and how they can be overcome.
We open with the essential aspects of people’s family lives: what they buy; what they do about their
children’s schooling, their own health, or that of their children or parents; how many children they
choose to have; and so on. Then we go on to describe how markets and institutions work for the poor:
Can they borrow, save, and insure themselves against the risks they face? What do governments do for
them, and when do they fail them? Throughout, the book returns to the same basic questions. Are there
ways for the poor to improve their lives, and what is preventing them from being able to do these
things? Is it more the cost of getting started, or is it easy to get started but harder to continue? What
makes it costly? Do people sense the nature of the benefits? If not, what makes it hard for them to learn
them?

Poor Economics is ultimately about what the lives and choices of the poor tell us about how to fight
global poverty.

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Think Again, Again

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A Billion Hungry People?

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Low-Hanging Fruit for Better (Global) Health

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Top of the Class

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Pak Sudarno’s Big Family

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Barefoot Hedge-Fund Manager

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The Men from Kabul and the Eunuchs of INDIA

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Saving Brick by Brick

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Reluctant Entrepreneurs

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Policies, Politics

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