Weekly Book Club 001

One book per week:)

本期 Weekly Book Club 推荐的是Poor Economics。这本书是由 Abhijit Banerjee 和 Esther Duflo 一起撰写的,从不同的方面探讨了导致贫穷的原因,以及一部分对应措施。这本书非常出彩,比如下面这些是书中最精华的部分:

In contrast, the social returns of directly investing in children and pregnant mother nutrition are tremendous.
Seva Mandir discovered that offering the dal, paradoxically, actually lowered the cost per immunization by increasing efficiency, because the nurse, whose time was already paid for, was kept busy.
The key challenge is to design “nudges” tailored to the environment of developing countries.
Awareness of our problems thus does not necessarily mean that they get solved. It may just mean that we are able to perfectly anticipate where we will fail.
Decisions about how much should be saved are difficult decisions for anyone, rich and poor alike.
They just sent survey teams to the schools and asked them how much they had received. Then they compared the numbers to computer records of how much had been sent. The answer they got was nothing short of stunning: Only 13 percent of the funds ever reached the schools.

两位作者的另一本合著是 Good Economics for Hard Times,也是非常出彩的一本经济学科普著作。书摘也已经整理出来,如果你感兴趣的话,不妨考虑加入我们的会员,这样就可以获得两本书的精华:)

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This issue of Weekly Book Club recommends Poor Economics. This book, written by Abhijit Banerjee and Esther Duflo, discusses different aspects of what causes poverty, and some of the measures to deal with it. The book is outstanding, for example, the following are some of the best parts of the book.

In contrast, the social returns of directly investing in children and pregnant mother nutrition are tremendous.
Seva Mandir discovered that offering the dal, paradoxically, actually lowered the cost per immunization by increasing efficiency, because the nurse, whose time was already paid for, was kept busy.
The key challenge is to design “nudges” tailored to the environment of developing countries.
Awareness of our problems thus does not necessarily mean that they get solved. It may just mean that we are able to perfectly anticipate where we will fail.
Decisions about how much should be saved are difficult decisions for anyone, rich and poor alike.
They just sent survey teams to the schools and asked them how much they had received. Then they compared the numbers to computer records of how much had been sent. The answer they got was nothing short of stunning: Only 13 percent of the funds ever reached the schools.

Another co-authored book by the two authors is Good Economics for Hard Times, which is also a brilliant piece of economic science. Book summaries have also been compiled, so if you're interested, pleaase consider joining us as a member so you can get the best of both books :)

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