Poor Economics: A Radical Rethinking of the Way to Fight Global Poverty

Two Nobel Laureates. One Radical Idea. A New Way to Fight Poverty.

For decades, the debate over global poverty has been dominated by big theories and bigger arguments — aid vs. no aid, free markets vs. government intervention. But what if the real answers lie not in grand ideology, but in the small, specific, evidence-based details of how poor people actually live and make decisions?

In this landmark New York Times bestseller — now revised and updated with two new chapters — Abhijit V. Banerjee and Esther Duflo, winners of the Nobel Prize in Economics, take us on a remarkable journey into the lives of the world's poorest people to reveal the surprising, counterintuitive truths about poverty.

"Marvelous, rewarding… A must-read." — The Economist

What Poor Economics Reveals

• Why the poor make the choices they do — and why those choices are often more rational than they appear
• How small, targeted interventions — not massive aid programs — can transform lives
• The surprising role of psychology, information gaps, and institutional failures in perpetuating poverty
• What randomized controlled trials (RCTs) have taught us about what actually works in development
• Why both the pro-aid and anti-aid camps are missing the point

Who This Book Is For

Development economists, policymakers, students, NGO workers, and anyone who cares about inequality and wants to understand poverty beyond the headlines. Essential reading alongside Scarcity and Freakonomics.

This is the book that changed how the world thinks about poverty — and earned its authors the highest honor in economics.

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