![]() Each chapter in this book describes a search to discover what these sticking points are, and how they can be overcome. 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. ![]() Poor Economics is a book about the very rich economics that emerges from understanding the economic lives of the poor. ![]() It is engaging and informative-which is more than can be said for many books of this genre." Modest suggestions? Yes, but this is part of the charm of the book. First: the poor lack critical pieces of information and thus do not make right decisions second: the poor bear responsibility for too many aspects of their lives third: markets are missing for the poor four: governments start policies without understanding the reality within which these are supposed to succeed and five: negative expectations of what people can do can be self-fulfilling prophecies. ![]() "Banerjee and Duflo assemble a fascinating assortment of interventions from across the globe in their book and they use the sharply differing perspectives of Sachs, who leads the 'supply wallahs' (this school believes in providing more schools, teachers, etc., to beat the education problem) and of Easterly, who is a 'demand wallah' (no point in providing education needlessly) as a backdrop to make their own points on how to avoid the poverty trap. ![]()
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