Thursday, November 26, 2015
Happy Thanksgiving - Read Poor Economics
If you are reading this blog you have a lot to be thankful for and it is not because of my thinking or writing. Enjoy the day but carve-out some time to read Poor Economics: A Radical Rethinking of the Way to Fight Global Poverty by Abhijit Banerjee and Esther Duflo between now and the end of the year.
We don't have to be powerless with the problems of poverty. Poverty can be solved or at least reduced through thinking clearly about the economics of incentives and behavior.The solution is not big programs nor some form of free markets. It is about finding ways to have programs that incent behavior that will allow people a way out of poverty traps. It requires new thinking and experimentation because we often do not have the right answers. Through humble thinking and a desire to connect with those less fortunate, we can make a difference.
Poor Economics is about the research of two economist on the forefront of this new thinking. They are two of the most thoughtful in the profession.You will read about creative solutions to some vexing problems which will give new meaning to thinking outside the box.