Bpb’s Poverty-Focused Economics

Poor Economics, written by Abhijit V. Banerjee and Esther Duflo, explores the use of randomized control trials (RCTs) in development economics. The authors, winners of the Nobel Prize in Economics 2019, argue that traditional methods of helping the poor are based on untested assumptions and harmful misperceptions. By utilizing RCTs and evidence-based research, they aim to provide accurate assessments of what truly impacts the poor. This book offers revelatory insights into the causes of poverty and proposes strategies to effectively end it. The paperback edition has 464 pages and is published by Random House India.