When economics rethinks poverty
Published: Oct 10, 2019
Abstract:
Based on social experiments and field observations, Nobel laureate economist Dr Abhijit Banerjee’s coherent vision about the impact of antipoverty policies is quite influential in the domain of policy economics. Grounded to basics, his concept of the ‘Poor Economics’ offers a distinct idea on how psychological and social complexities affecting poverty. This article discusses the core concept of Dr Banerjee’s method of fighting global poverty by informed decision making.
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