The poor stay poor here because they do not save enough.

Abhijit V. Banerjee
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More Quotes By Abhijit V. Banerjee
  1. If the teachers and the parents do not believe that the child can cross the hump and get into the steep part of the S–curve, they may as well not try: The teacher ignores the children who have fallen behind and the parent stops taking...

  2. The parts of the brain corresponding to the limbic system (thought to respond only to more visceral, immediate rewards) were activated only when the decision involved comparing a reward today with one in the future. In contrast, the lateral prefrontal cortex (a more “calculating” part...

  3. The poor stay poor here because they do not save enough.

  4. But then it is easy, too easy, to sermonize about the dangers of paternalism and the need to take responsibility for our own lives, from the comfort of our couch in our safe and sanitary home. Aren't we, those who live in the rich world,...

  5. We must arm ourselves with patience and wisdom and listen to the poor what they want. This is the best way to avoid the trap of ignorance, ideology and inertia on our side.

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