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Poor Economics Book Summary By Abhijit V. Banerjee The causes of poverty and possible solutions

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Why can’t the poor escape poverty? Esther Duflo and Abhijit V. Banerjee went deep into 18 impoverished countries and regions on five continents to explore the causes of poverty and possible solutions. They examined the daily life, education, health, economic situation of the poor, and government policies and assistance from non-governmental organizations. Based on the results of randomized controlled trials, Duflo and Banerjee put forward many practical suggestions that guide policymakers, philanthropists, and others committed to poverty alleviation.

Abhijit V. Banerjee and Esther Duflo are a couple working at the Massachusetts Institute of Technology as professors of economics. Banerjee serves as the honorary adviser of the World Bank and the Indian government. Duflo was awarded the 2010 John Bates Clark Medal. Together they co-founded and guided the Abdul Latif Jameel Poverty Action Lab (J-PAL) in 2003, and shared the 2019 Nobel Memorial Prize in Economic Sciences with Michael Kramer for their experimental practices and contributions to global poverty alleviation.