Poor Economics
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FULLY UPDATED EDITION WITH TWO NEW CHAPTERS From the winners of the
2019 Nobel Prize in Economics 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. Winner of the FT Goldman Sachs Business Book of the Year
Award 2011 'Refreshingly original, wonderfully insightful .
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