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Why This Book Matters:

Poor Economics examines poverty and the issues facing poor people on a daily basis while presenting solutions to these problems.

The Big Takeaways:

  1. Even after vigilant efforts by economists, a solution to poverty cannot be found.
    1. If Overgeneralization of poverty never leads to an effective solution.
  2. It is essential that we look at the thought process behind the choices poor people make.
    1. To get rid of poverty, we must consider the actions of people in poverty, especially when it comes to how they spend their money.
  3. Hunger is often seen as the cause of poverty, but it is not that simple.
    1. We must get rid of the idea that cheaper food is the solution when more nutrient-dense food is what the goal should be.
  4. A healthcare system focused on the future well-being of people is necessary.
    1. Poor people need a way to stay healthy to avoid more costly problems in their lives. Part of that is in investing in a healthcare system that encourages regular check-ups.
  5. Education is the key to eradicating poverty.
    1. Education follows us into adulthood, thus every child deserves an adequate education to secure their future.

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