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You may not know it—we all use economics every day. Economics is the science of decision-making and how to create value through trade. Since we make decisions and we trade every day, we all use ...

The core of Abhijit Banerjee and Esther Duflo’s new book, Poor Economics, can be summed up by a single sentence in the foreword: “[W]e have to abandon the habit of reducing the poor to cartoon ...