Poor Economics: A Radical Rethinking of the Way to Fight Global Poverty by Abhijit V. Banerjee and Esther Duflo

Poor Economics: A Radical Rethinking of the Way to Fight Global Poverty by Abhijit V. Banerjee and Esther Duflo

For decades, global conversations about poverty have been trapped in an aggressive, high-level shouting match between two ideological extremes

Banerjee and Duflo completely bypass this abstract debate. Instead of asking "Does aid work?", they deploy clinical, medical-style trial metrics to ask: "Which specific interventions work, where do they work, and why?"

The book serves as an incredibly detailed, empathetic, and scientifically rigorous field guide. It takes the reader directly into the slums and rural villages of India, Kenya, Indonesia, and Morocco to analyze the real, micro-level incentives that drive the financial, educational, and medical decisions of people living on less than 99 cents a day. The results are highly counterintuitive, frequently shocking, and fundamentally challenge everything traditional institutions thought they knew about global development.

In Bangladesh—the historic birthplace of microfinance and a global laboratory for development economics—the lessons of Poor Economics possess extraordinary, immediate relevance. As the nation targets middle-income status, standard macro-level statistics often obscure the deep, lingering pockets of vulnerability across rural communities, urban slums, and climate-impacted regions. For decades, local organizations and policy planners have relied heavily on traditional microcredit models as a universal solution for poverty alleviation.

This text serves as a brilliant, clinical, and timely reality check for our local development sector. By proving exactly why micro-loans frequently hit a structural ceiling and explaining how psychological factors like stress, risk, and misinformation derail long-term financial planning, Banerjee and Duflo provide local policymakers, NGO executives, startup founders, and students at top institutions like Dhaka University, NSU, and BRAC with a revolutionary, experimental blueprint. It demands that we stop projecting our own assumptions onto vulnerable communities and instead build precise, localized, and heavily audited interventions that transform human capability from the ground up.

Language: English.

Genre: Behavioral Finance.

Binding: সেলাই করা বাইন্ডিং

Quality: Premium Quality Books.

Printing: High Quality Printing.

Paper: Eye Friendly paper (Cream White)

Cover: Matt cover (Paperback)