Poverty: Three new books offer fresh perspectives

Seizing on emerging research and economic data, economists are better equipped to understand poverty, which remains a critical issue in the developing world and third world nations alike.

For those interested in identifying solutions, Timothy Besley of Foreign Affairs magazine suggests three new books:

Poor Economics, by Abhijit Banerjee and Esther Duflo;

More Than Good Intentions, by Dean Karlan and Jacob Appel;

and Portfolios of the Poor, by Daryl Collins, Jonathan Morduch, Stuart Rutherford, and Orlanda Ruthven.

Besley chose these books because they “all focus on the micro level of poverty and on the human conditions that underlie it. Their authors make extensive use of vignettes — an unusual move for economists — ¬≠introducing readers by name to real people whose stories illustrate broader concepts.”

 

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