Understanding poverty and what to do about it, is perhaps the central concern of all of economics. Yet the lay public almost never gets to hear what leading professional economists have to say about it. This volume brings together twenty-eight essays by some of the world leaders in the field, who were invited to tell the lay reader about the most important things they have learnt from their research that relate to poverty. The essays cover a wide array of topics: the first essay is about how poverty gets measured. The next section is about the causes of poverty and its persistence, and the ideas range from the impact of colonialism and globalization to the problems of "excessive" population growth, corruption and ethnic conflict. The next section is about policy: how should we fight poverty? The essays discuss how to get drug companies to produce more vaccines for the diseases of the poor, what we should and should not expect from micro-credit, what we should do about child labor, how to design welfare policies that work better and a host of other topics. The final section is about where the puzzles lie: what are the most important anomalies, the big gaps in the way economists think about poverty? The essays talk about the puzzling reluctance of Kenyan farmers to fertilizers, the enduring power of social relationships in economic transactions in developing countries and the need to understand where aspirations come from, and much else. Every essay is written with the aim of presenting the latest and the most sophisticated in economics without any recourse to jargon or technical language.
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Editorial Reviews
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"A serious examination of where we stand and what we need to do."--Nicholas Kristof, The New York Review of Books
"Mass poverty is mankind's oldest, yet still most pressing, problem. Understanding Poverty describes the attack that economists are making to understand it on many different fronts. Every reader of the essays in this superb volume will appreciate the currrent excitement of development economics and the enormous progress it has made in the last two decades."--George Akerlof, Nobel Laureate in Economics, 2001
About the Author
Abhijit Vinayak Banerjee is Ford Foundation International Professor of Economics and Director, Poverty Action Lab at Massachusetts Institute of Technology, where he has taught since 1993. He holds a PhD from Harvard University, an MA from Jawaharlal University, and a BSc from the University of Calcutta.
Roland B�nabou is Professor of Economic and Public Affairs at Princeton University. He holds a PhD in Economics from Massachusetts Instite of Technology and Engineering diplomas from the Ecole Polytechnique and the Ecole Nationale des Ponts at Chauss�s in Paris.
Dilip Mookherjee is Professor of Economics at Boston University, where he has taught since 1995. He has also been Director of the Institute for Economic Development there since 1998. He studied Economics at Presidency College, Calcutta, the Delhi School of Economics, and the London School of Economics.
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The book is well written. Also, it is written so even if you don't know much Economic jargon you can follow it closely. Many viewpoints and ideas for solving the problem are suggested and key essays that have direct relevance today are used to support viewpoints.
Moreover, suggestions for the how much and what type of assistance should be given to eventually eradicate the prevalence of this problem is explained in much detail.
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I am happy of my purchase. It was so fast and the book is in the best situation. Thanks to Amazon
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Inside This Book
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Key Phrases - Statistically Improbable Phrases (SIPs):
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log income, new growth approach, measuring poverty, racial stigma, credit rationing, household income dynamics, rainfall insurance, aspirations window, controlling child labor, geography hypothesis, extractive institutions, institutional reversal, aspirations gap, wealth quartile, unskilled parents, institutions hypothesis, credit market failures, pull programs, school inputs, uninsured risk, chit funds, poverty counts, targeting performance, neglected diseases, nonmarket institutions Key Phrases - Capitalized Phrases (CAPs): (learn more)
United States, World Bank, New York, The Causes of Poverty, American Economic Review, Quarterly Journal of Economics, Oxford University Press, Review of Economic Studies, New Ways of Thinking, Journal of Political Economy, Martin Ravallion, Journal of Development Economics, Latin America, South Africa, Harvard University, Journal of Public Economics, Journal of Economic Literature, The Next Revolution, Simon Johnson, Department of Economics, Costa Rica, North America, Long-Run Paths of Development, New World, World Development Browse Sample Pages:
Front Cover | Table of Contents | First Pages | Index | Surprise Me!
log income, new growth approach, measuring poverty, racial stigma, credit rationing, household income dynamics, rainfall insurance, aspirations window, controlling child labor, geography hypothesis, extractive institutions, institutional reversal, aspirations gap, wealth quartile, unskilled parents, institutions hypothesis, credit market failures, pull programs, school inputs, uninsured risk, chit funds, poverty counts, targeting performance, neglected diseases, nonmarket institutions Key Phrases - Capitalized Phrases (CAPs): (learn more)
United States, World Bank, New York, The Causes of Poverty, American Economic Review, Quarterly Journal of Economics, Oxford University Press, Review of Economic Studies, New Ways of Thinking, Journal of Political Economy, Martin Ravallion, Journal of Development Economics, Latin America, South Africa, Harvard University, Journal of Public Economics, Journal of Economic Literature, The Next Revolution, Simon Johnson, Department of Economics, Costa Rica, North America, Long-Run Paths of Development, New World, World Development Browse Sample Pages:
Front Cover | Table of Contents | First Pages | Index | Surprise Me!
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cites this book:
- The Distributional Impact of Privatization in Developing Countries by Nancy Birdsall on page 430
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