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Poor Economics: Rethinking Global Poverty

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Uploaded by on Sep 29, 2011

Co-sponsored by the Social Enterprise Program at Columbia Business School and the Program for Economic Research at Columbia University, this event brought together Abhijit V. Banerjee and Esther Duflo, who for more than 15 years have worked with the poor in dozens of countries spanning five continents, trying to understand the specific problems that come with poverty and to find proven solutions. Their book, Poor Economics: A Radical Rethinking of the Way to Fight Global Poverty, is revolutionary in its rethinking of the economics of poverty, but also entirely practical in the suggestions it offers. Through a careful analysis of a very rich body of evidence, including the hundreds of randomized control trials pioneered by Banerjee and Duflo's lab has pioneered, they show why the poor, despite having the same desires and abilities as anyone else, end up with entirely different lives. Professor Jeffrey Sachs, Director of the Earth Institute at Columbia University, moderated the talk, while Professor David Weinstein, Director of the Program for Economic Research at Columbia University, introduced the speakers.

To learn more about the Social Enterprise Program, visit http://www.gsb.columbia.edu/socialenterprise

To learn more about the Program for Economic Research at Columbia University, visit http://econ.columbia.edu/per

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  • Great work!

  • more on understanding

    Sachs still not convinced, I can see how Abhijit tried to make difference between down to earth reality and management level decisions.

    Esther was quite shy. Very funny question 'if you are a President of a country what will you do?' I think it is more relevant to a practitioners than an academician.

    I would suggest Sachs should join JPAL and initiate an impact evaluation research, then come up with a book like pro-poor economics.

  • the audio on this is pathetic. good job business school!

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