Who’s Getting Stuck in the Poverty Trap?

Poverty continues to raise questions for economists, who have differing viewpoints on its source and its solution. A new book out by two MIT Economists moves away from the question of why poverty toward looking at how poor people behave and survive. They are asking questions like, “why would a man in Morocco, who doesn’t have enough to eat, buy at television set?” and “Does having lots of children make you poorer?”
  
Abhijit Banerjee is a professor of economics at MIT and Esther Duflo is professor of poverty alleviation and development economics at MIT. They are co-authors of the new book, “Poor Economics: A Radical Rethinking of the Way to Fight for Global Policy.”