Poor Economics
notes
i found the journey, case studies and commitment to surfacing results through quality research a bold challenge to almost every intuitive conception anyone can have about what it means to be in poverty, how people get there and why folks get trapped in it.
at the end of the day, the stories don't attempt to surface a singular solution to poverty. instead, they challenge how we can approach poverty and propose an intent focus on the community, the value of taking a research like mind (ex: randomized controlled trials) to the solutions and to value small iterative wins.
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summary
In a world filled with poverty, it is often hard to determine the most effective solutions for addressing it. Abhijit Banerjee and Esther Duflo, two pioneering economists, embark on a journey to break down the complex web of poverty-related issues. With insightful research and real-life anecdotes, they delve into the lives of the poor, exploring their daily struggles, choices, and aspirations. Through their compassionate lens, they challenge commonly held notions and provide a fresh perspective on poverty, development, and the policies that shape them. Their work, based on the principles of randomized control trials, exposes the realities of poverty and offers practical solutions. A thought-provoking and eye-opening read, 'Poor Economics' is a must-read for anyone seeking a deeper understanding of poverty and the potential paths toward a more equitable world.