Poor Economics

Poor Economics Barefoot Hedge-Fund Managers, DIY Doctors and the Surprising Truth About Life on Less Than $1 a Day

Paperback (29 Mar 2012) | English

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Synopsis

FROM THE WINNERS OF THE 2019 NOBEL PRIZE IN ECONOMICS

'Refreshingly original, wonderfully insightful . . . an entirely new perspective' Guardian

Why would a man in Morocco who doesn't have enough to eat buy a television?
Why do the poorest people in India spend 7 percent of their food budget on sugar?
Does having lots of children actually make you poorer?

This eye-opening book overturns the myths about what it is like to live on very little, revealing the unexpected decisions that millions of people make every day. Looking at some of the most paradoxical aspects of life below the poverty line - why the poor need to borrow in order to save, why incentives that seem effective to us may not be for them, and why, despite being more risk-taking than high financiers, they start businesses but rarely grow them - Banerjee and Duflo offer a new understanding of the surprising way the world really works.

Winner of the FT Goldman Sachs Business Book of the Year Award 2011

About the Publisher

Penguin Books

Penguin Books

The first ten paperback Penguin books appeared in 1935 costing 6d each (the price of a packet of cigarettes). Since then the Penguin list has developed enormously, but still aims to bring the best writing to the widest possible audience. Penguin Paperbacks now range from Booker Prize-winning contemporary authors, to mass market bestsellers, with successful history, biography and general non-fiction as well.

Book information

ISBN: 9780718193669
Publisher: Penguin Books Ltd
Imprint: Penguin Books
Pub date:
DEWEY: 339.46091724
DEWEY edition: 23
Language: English
Sales rank: 1190
Number of pages: xi, 303
Weight: 230g
Height: 198mm
Width: 131mm
Spine width: 19mm