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FULLY UPDATED EDITION WITH TWO NEW CHAPTERS
From the winners of the 2019 Nobel Prize in Economics, 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.
It addresses paradoxical aspects of life below the poverty line, such as why the poor need to borrow in order to save, why certain incentives may not be effective for them, and why they often start businesses but rarely grow them. Banerjee and Duflo provide a new understanding of the surprising way the world really works.
The book was awarded the FT Goldman Sachs Business Book of the Year Award 2011 and has been described as 'refreshingly original, wonderfully insightful . . . an entirely new perspective' by the Guardian.
Pages: 400, Dimensions: 12.9x12.9cm
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