
Poor Economics
Abhijit Banerjee & Esther Duflo · 2011
Nobel laureates use randomized controlled trials to study economic behavior in poverty. Their findings challenge conventional wisdom about rationality, development, and decision-making. The critical insight for investors: economic behavior is not universal. Your framework is local, not global. The poor aren't irrational — they're making sophisticated decisions under constraints most investors have never experienced.
Business & Investing · the Pro canon
The case for it, the case against, and the rest of the canon open with Pro.