Poor Economics: A Radical Rethinking of the Way to Fight Global Poverty


Nobel prize winning authors writing about the question that always puzzled me: why do the same people make different amounts in different places of the planet? Why my donation never seem to change anything in the long term? Why can’t we just ship food from the US to people who are starving? 


My naive attempt to summarize what I learned from the book was as follows: solving poverty is very hard. It’s not as simple as bringing people out of the poverty trap. And it’s not because poor people are not smart or lazy. It’s mostly due to politics, some to wrong incentives, and some to human nature. 


I would recommend reading this book along with “Why Nations Fail”, which gives you the other side of the story. Politics and economics can explain poverty.