Quotessence
Home / Books / Poor Economics: A Radical Rethinking of the Way to Fight Global Poverty

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

Book by Abhijit V. Banerjee · 5 quotes · Poverty, Economics, Brain

Filter quotes by topic

AllPovertyEconomicsBrainChocolatDevelopmentHuman NaturePaternalismPatiencePoorPsychologySkepticsSocial Change

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

“But then it is easy, too easy, to sermonize about the dangers of paternalism and the need to take responsibility for our own lives, from the comfort of our couch in our safe and sanitary home. Aren't we, those who live in the rich world, the constant beneficiaries of a paternalism now so thoroughly embedded into the system that we hardly notice it?”

PovertyPaternalismSkeptics
Book:Poor Economics: A Radical Rethinking of the Way to Fight Global Poverty
Create image

“Many people would also agree with Amartya Sen, the economist-philosopher and Nobel Prize Laureate, that poverty leads to an intolerable waste of talent. As he puts it, poverty is not just a lack of money; it is not having the capability to realize one’s full potential as a human being. 10 A poor girl from Africa will probably go to school for at most a few years even if she is brilliant, and most likely won’t get the nutrition to be the world-class athlete she might have been, or the funds to start a business if she has a great idea.”

PovertyDevelopmentEconomics
Book:Poor Economics: A Radical Rethinking of the Way to Fight Global Poverty
Create image

“the parts of the brain corresponding to the limbic system (thought to respond only to more visceral, immediate rewards) were activated only when the decision involved comparing a reward today with one in the future. In contrast, the lateral prefrontal cortex (a more “calculating” part of the brain) responded with a similar intensity to all decisions, regardless of the timing of the options. Brains that work like this would produce a lot of failed good intentions. And indeed, we do see a lot of those, from New Year’s resolutions to gym memberships that lie unused.”

BrainPsychologyHuman Nature
Book:Poor Economics: A Radical Rethinking of the Way to Fight Global Poverty
Create image