Winner of the 2011 "Financial Times"/Goldman Sachs Best Business Book of the Year Award
Billions of government dollars, and thousands of charitable organizations and NGOs, are dedicated to helping the world's poor. But much of their work is based on assumptions that are untested generalizations at best, harmful misperceptions at worst.
Abhijit Banerjee and Esther Duflo have pioneered the use of randomized control trials in development economics. Work based on these principles, supervised by the Poverty Action Lab, is being carried out in dozens of countries. Drawing on this and their 15 years of research from Chile to India, Kenya to Indonesia, they have identified wholly new aspects of the behavior of poor people, their needs, and the way that aid or financial investment can affect their lives. Their work defies certain presumptions: that microfinance is a cure-all, that schooling equals learning, that poverty at the level of 99 cents a day is just a more extreme version of the experience any of us have when our income falls uncomfortably low.
This important book illuminates how the poor live, and offers all of us an opportunity to think of a world beyond poverty.
Learn more at www.pooreconomics.com
NEWS & OPINION: The FT/Goldman Sachs Book Award, Now Accepting Submissions
Posted May 29, 2012, 2:39 PM with category of Publishing Industry
The search is now on for the 2012 Financial Times and Goldman Sachs Business Book of the Year. From the official announcement:
This annual Award, promoted by the Financial Times Limited and the Goldman Sachs Group, Inc. aims to identify the book that provides the most compelling and enjoyable insight into modern business issues, including management, finance and economics.
NEWS & OPINION: Poor Economics, Winner of The FT/Goldman Sachs Award
Posted November 4, 2011, 6:30 PM with category of Management & Workplace Culture
Congratulations are in order for Abhijit V. Banerjee and Esther Duflo, authors of Poor Economics: A Radical Rethinking of the Way to Fight Global Poverty (and their publishers PublicAffairs), for winning this year's Financial Times and Goldman Sachs Business Book of the Year Award.
Both professors of economics at MIT, the authors based the book on their more than fifteen years of careful research and analysis of the economics of poverty—and their attempt to find solutions to it.
NEWS & OPINION: The FT/Goldman Sachs Book of the Year Shortlist
Posted September 15, 2011, 3:02 PM with category of Publishing Industry
The shortlist for the seventh Financial Times and Goldman Sachs Book of the Year has been released. It includes:
Poor Economics: A Radical Rethinking of the Way to Fight Global Poverty by Abhijit V. Banerjee and Esther Duflo, Public Affairs
Exorbitant Privilege: The Rise and Fall of the Dollar by Barry Eichengreen, Oxford University Press
Triumph of the City: How Our Greatest Invention Makes Us Richer, Smarter, Greener, Healthier and Happier by Edward L.
NEWS & OPINION: The FT/Goldman Sachs Book Award Longlist
Posted August 19, 2011, 3:35 PM with category of Publishing Industry
Understandably (looking at the award sponsors), the FT/Goldman Sachs Book Award always tends more toward macroeconomics, high finance and big business. But they always seem to pick well, and I always find books I feel the need to revisit when they announce their list.
Just in case you missed the announcement of the the award's longlist as I did, it is:
Grand Pursuit: The Story of Economic Genius by Sylvia Nasar, Simon & Schuster
No Angel: The Secret Life of Bernie Ecclestone by Tom Bower, Faber & Faber
Poor Economics: A Radical Rethinking of the Way to Fight Global Poverty by Abhijit V.