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A review by _laikahh
Banker to the Poor: Micro-Lending and the Battle Against World Poverty by Muhammad Yunus
4.0
Reading this book, I was reminded why I decided to study economics and not something else. There is just something about witnessing poverty daily that simply does not sit well with some people and they go on to do something about it. Like Muhammad Yunus.
A detailed account of the genesis and work of the Grameen Bank, Banker To The Poor will give you more insight into the lives of the poor which are, as Yunus points out, quite distant from what economic books and theories might teach us. In many ways, it reminds me of Poor Economics where Duflo and Banerjee aim to better incorporate the poor's reality into the recommendations they make. Is Grameen bank a bit naive, gullible and too dependent on assumed human goodness? Yes. Is it effective though? Also yes. Loved to read about its countless successes and the impact it had wherever the program was implemented.
A detailed account of the genesis and work of the Grameen Bank, Banker To The Poor will give you more insight into the lives of the poor which are, as Yunus points out, quite distant from what economic books and theories might teach us. In many ways, it reminds me of Poor Economics where Duflo and Banerjee aim to better incorporate the poor's reality into the recommendations they make. Is Grameen bank a bit naive, gullible and too dependent on assumed human goodness? Yes. Is it effective though? Also yes. Loved to read about its countless successes and the impact it had wherever the program was implemented.