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Description 

Poor Economics: A Radical Rethinking of the Way to Fight Global Poverty is a book by Abhijit V. Banerjee and Esther Duflo, both Nobel Prize-winning economists. Published in 2011, the book challenges traditional approaches to combating poverty and offers new insights based on rigorous field research and experiments conducted in developing countries.
Banerjee and Duflo examine the everyday decisions of poor people and the systemic factors that perpetuate poverty. They argue that many of the solutions proposed by policymakers and aid organizations are based on oversimplified assumptions. Through detailed case studies, they emphasize the importance of understanding the complexities of poverty and advocate for small, context-specific interventions rather than one-size-fits-all solutions.
The book combines economics with human stories, offering a nuanced view of the challenges faced by the poor and suggesting practical ways to improve their lives through evidence-based policies.

About the Authors

Abhijit V. Banerjee and Esther Duflo are renowned economists and co-authors of the influential book Poor Economics. In 2019, they were jointly awarded the Nobel Prize in Economic Sciences, alongside Michael Kremer, for their experimental approach to alleviating global poverty.
Abhijit V. Banerjee is an Indian-American economist and a professor at the Massachusetts Institute of Technology (MIT). His research focuses on development economics, and he is known for his work on poverty, inequality, and the effectiveness of interventions aimed at improving living standards in the developing world.
Esther Duflo, a French-American economist, is also a professor at MIT. She is recognized for her pioneering work in development economics, especially for using randomized controlled trials (RCTs) to evaluate poverty alleviation strategies. Duflo has contributed to the understanding of how specific policies can improve health, education, and economic outcomes in impoverished communities.
Together, Banerjee and Duflo are leaders in the field of development economics, advocating for evidence-based, context-driven solutions to global poverty.