Poor Economics (book)

"Poor Economics" by Abhijit V. Banerjee and Esther Duflo explores the complex realities of poverty through rigorous research and experiments. It challenges common assumptions about the poor, arguing that their choices are often rational given their circumstances. The authors analyze specific issues, such as health, education, and financial decisions, to show how targeted interventions can improve lives. By understanding the nuances of poverty, they highlight the importance of informed policy-making that considers the behavior and perspectives of the poor, ultimately advocating for evidence-based solutions to enhance economic well-being.