10245602Published April 26th 2011

Winner of the 2011 Financial Times/ Goldman Sachs Best Business Book of the Year Award.

Interesting read drawn on 15 years of research from various countries around the world, by Banerjee and Duflo. They manage to explain economics by sharing local observations and exploring the behavior of poor people in poor countries, without generalising about solutions of economic development. How do the poor cope with poverty? What do they want or not? What do they expect, or not? Why do they make the choices they make? What I find especially good is how they have explored the affect of aid or financial investment on their lives.

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