Day: April 27, 2011

{Why? Because in the last few months, I bought a big fat LCD tv (Samsung), a network blu-ray player (Samsung), a big fat internet-ready 7.2 receiver (Onkyo), a big fat sub-woofer and other assorted speakers (Polk Audio), and other bits of electronics. TVs and receivers are awesomely complicated these days. Just figuring out what all the receiver can do is going to take a week’s worth of full time work. That’s why.}

In a Foreign Policy magazine article, “More than 1 billion people are hungry in the world“, Abhijit Banerjee and Esther Duflo ask what if its really true. It is an extract from their book, “Poor Economics: A Radical Rethinking of the Way to Fight Global Poverty.” The article is long and well worth reading to get an idea of how some people think how some other people behave. Much of that thinking of even superficially wrong but there is a significant part where the thinking is plausible at first glance but wrong nonetheless.
Continue reading “The Poor and their Poverty”