Poor Economics: Barefoot
Hedge-fund Managers, DIY Doctors and the Surprising Truth about Life on less than $1 a Day
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.
320 pages, Paperback