Book: "Poor Economics"

"Poor Economics," written by Abhijit Banerjee and Esther Duflo, explores the complex realities of poverty. It emphasizes that poverty is not just about a lack of money; it involves a web of challenges—including health, education, and social norms—that affect decision-making. The authors advocate for using empirical research to understand how the poor make economic choices and suggest that tailored, evidence-based solutions can effectively address their needs. By analyzing real-life situations, they challenge common assumptions about poverty and highlight the importance of context in crafting effective interventions.