August 10, 2013 · 10:30 AM
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...Truth about Life on less than $1 a Day - Abhijit Bannerjee
This book won the August/September poll. It was suggested by Jessie and I have asked her to host this session, as well as to suggest a venue and date within the month of August (Please note, I am unable to post this session without setting a date but this may change - Jessie will select a date good for her and update if necessary). As Jessie is an organiser, I know that she is more than capable, but that is why the session is being posted without full details at this time.
Winner of the FT Goldman Sachs Business Book of the Year Award 2011
Why would a man in Morocco who doesn't have enough to eat buy a television?
Why do the poorest people in India spend 7 percent of their food budget on sugar?
Does having lots of children actually make you poorer?
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. Looking at some of the most paradoxical aspects of life below the poverty line - why the poor need to borrow in order to save, why incentives that seem effective to us may not be for them, and why, despite being more risk-taking than high financiers, they start businesses but rarely grow them - Banerjee and Duflo offer a new understanding of the surprising way the world really works.
The book is available from all good high street retailers as well as here