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Poor Economics
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Produktbeschreibungen
Pressestimmen
"A marvellously insightful book by two outstanding researchers on the real nature of poverty." Amartya Sen, Professor of Economics and Philosophy at Harvard University, and winner of the Nobel Prize for Economics"
Kurzbeschreibung
This title comes from the award-winning founders of the unique and remarkable Abdul Latfi Jameel Poverty Action Laboratory at MIT, a transformative reappraisal of the world of the extreme poor, their lives, desires and frustrations. Billions of government dollars, and thousands of charitable organizations and NGOs are dedicated to helping the world's poor. But much of the work they do is based on assumptions that are untested generalizations at best, flat out harmful misperceptions at worst. Banerjee and Duflo have pioneered the use of randomized control trials in development economics. Work based on these principles, supervised by the Poverty Action Lab at MIT, is being carried out in dozens of countries. Drawing on this and their 15 years of research from Chile to India, Kenya to Indonesia, they have identified wholly new aspects of the behavior of poor people, their needs, and the way that aid or financial investment can affect their lives. Their work transforms certain presumptions: that microfinance is a cure-all, that schooling equals learning, that poverty at the level of 99 cents a day is just a more extreme version of the experience any of us have when our income falls uncomfortably low. Throughout, the authors emphasize that life for the poor is simply not like life for everyone else: it is a much more perilous adventure, denied many of the cushions and advantages that are routinely provided to the more affluent: if they do not have a piped water supply the poor cannot benefit from chlorination; if they cannot afford ready-made breakfast cereals they cannot gain the enriched vitamins and other nutrients; they are routinely denied access to markets; and, they get negative interest rates on their savings, while exorbitant rates are charged on their loans. The daily stress of poverty discourages long-term thinking and often leads to bad decision-making. Add to that the fact the poor are routinely denied the information that might help them manage the nightmarish predicament that in most cases they are born into through no fault of their own. Bannerjee and Duflo are practical visionaries whose meticulous work offers all of us an opportunity to think of a world beyond poverty.
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Buchdeckel | Copyright | Inhaltsverzeichnis | Auszug | Stichwortverzeichnis | Rückseite
Buchdeckel | Copyright | Inhaltsverzeichnis | Auszug | Stichwortverzeichnis | Rückseite
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4 von 5 Kunden fanden die folgende Rezension hilfreich
Format:Gebundene Ausgabe
"So the poor have hope,
And injustice shuts her mouth." -- Job 5:16
If a pharmaceutical company wants to improve health, it begins by studying what goes wrong in a disease. Having found the patterns of disease, it looks for ways to interrupt those patterns. When a promising molecule is identified, controlled trials begin. If such trials prove the molecule is safe and effective, governments will license production and prescription of the new medicine.
Professors Banerjee and Duflo employ a similar methodology for finding ways to interrupt patterns that lead to and sustain poverty. That's the key message of this book: Unless you employ good methods to identify what to do, money and effort spent on eliminating poverty may well be unproductive or even counterproductive.
Those who aren't familiar with the research results will learn a lot about how poverty shapes perspectives and problems so that poor people may well choose alternatives that don't optimize wealth and poverty elimination. Once again, "economic man" and "economic woman" are proven to be myths created by theoreticians.
My takeaway from this book is that a lot more would be accomplished by earmarking 10 percent of money intended for poor people to conduct studies and trials to find what really works, rather than just spending money on what some "expert" believes will work.
In my own work on the 400 Year Project (to accelerate global improvements by 20 times), successful poverty elimination experiments have required a lot of individual adjustments for each person and family. But typical "solutions" to poverty don't encompass such flexibility.
I liked the last part of the book best, "In Place of a Sweeping Conclusion," where the professors point out the results of individual studies completed to date don't allow for any sweeping conclusions.
Bravo and Brava!
And injustice shuts her mouth." -- Job 5:16
If a pharmaceutical company wants to improve health, it begins by studying what goes wrong in a disease. Having found the patterns of disease, it looks for ways to interrupt those patterns. When a promising molecule is identified, controlled trials begin. If such trials prove the molecule is safe and effective, governments will license production and prescription of the new medicine.
Professors Banerjee and Duflo employ a similar methodology for finding ways to interrupt patterns that lead to and sustain poverty. That's the key message of this book: Unless you employ good methods to identify what to do, money and effort spent on eliminating poverty may well be unproductive or even counterproductive.
Those who aren't familiar with the research results will learn a lot about how poverty shapes perspectives and problems so that poor people may well choose alternatives that don't optimize wealth and poverty elimination. Once again, "economic man" and "economic woman" are proven to be myths created by theoreticians.
My takeaway from this book is that a lot more would be accomplished by earmarking 10 percent of money intended for poor people to conduct studies and trials to find what really works, rather than just spending money on what some "expert" believes will work.
In my own work on the 400 Year Project (to accelerate global improvements by 20 times), successful poverty elimination experiments have required a lot of individual adjustments for each person and family. But typical "solutions" to poverty don't encompass such flexibility.
I liked the last part of the book best, "In Place of a Sweeping Conclusion," where the professors point out the results of individual studies completed to date don't allow for any sweeping conclusions.
Bravo and Brava!
1 von 1 Kunden fanden die folgende Rezension hilfreich
Format:Gebundene Ausgabe|Von Amazon bestätigter Kauf
I first read this book during a course in Microfinance and was quite impressed and fascinated by all the insights the book offers. The authors describe the living conditions of the poor in a sensitive and detailed way, while always making comparisons with our living standards and responsibilities in highly developed countries. The book is written with such humanity, dignity and insight that make it difficult to stop reading once you started diving into the chapters. The authors also created a website which provides complementary material on all the chapters with additional up-to-date insights and research on global poverty. I highly recommend this book to anyone who is interested in development issues.
Format:Gebundene Ausgabe
I bought the book after I read an article about it's authors and the topic in a magazin.
It not only shows interesting ways to help the poor, but how people work and think in general.
Sometimes they take a little too much pain to explain all angles of a problem, but I guess this is part of the game.
It not only shows interesting ways to help the poor, but how people work and think in general.
Sometimes they take a little too much pain to explain all angles of a problem, but I guess this is part of the game.
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