Synopsis
A vivid non-fiction book on poverty from two brilliant young economists of today.
What if you have money in abundance and you want to spend it poor? How do you go about it? A great deal of government dollars, and thousands of charitable organizations and NGOs, work day and night dedicatedly to help the poor people across the world. But their work is based on experimental assumptions about the poor and the world, harmful misperceptions at worst.
Abhijit V. Banerjee and Esther Duflo have forged the use of randomized control trials (RCTs) in development economics through their award-winning Poverty Action Lab. They argue that by using RCTs and by paying careful attention to the evidence, it is possible to make accurate and often startling assessments on what really impacts the poor and what doesn't.
About the Author
Abhijit Banerjee is the Ford Foundation International Professor of Economics at MIT. He is a fellow of the American Academy of Arts and Sciences and the Econometric Society and has been a Guggenheim Fellow. He has also received the inaugural Infosys Prize (2009) in Social Sciences and Economics.
Esther Duflo is the Abdul Latif Jameel Professor of Poverty Alleviation and Development Economics at MIT. Duflo has received numerous academic honours and prizes including most recently the John Bates Clark Medal (2010) and a MacArthur Fellowship (2009). She has also been featured in Foreign Policys Top 100 Global Thinkers and Fortunes 40 under 40.
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