The Nature of Poverty Why do we always feel like we don t have money?

In life, I don't know if you feel this way:

It's not the end of the month, and the money is not enough to spend”

I couldn't help but want to be extravagant, but I had to scrape together for months. ”

finally saved some money, and an illness returned to the pre-liberation ......”

The pace of making money can never seem to keep up with the speed of spending.

Over time, the scope of income or wealth growth is becoming more and more limited, and the potential for income increase is becoming smaller and smaller, or even becoming negative.

In the field of economics, this phenomenon is called falling into the "poverty trap".

If it is represented graphically, it is an S-shaped curve.

As the income curve gets lower and lower, people in the "poverty trap" will become poorer and poorer, and eventually fall into the abyss of poverty completely.

However, why do we work so hard and try our best to increase revenue and reduce expenditure, but as a result, we will become poorer and poorer, and the more we live, the harder it will be to see hope?

Next, we will read the book "The Nature of Poverty: Why We Can't Get Out of Poverty", which is a classic book of economics that teaches you how to use economic thinking to jump out of the "poverty trap".

It not only deeply analyzes the root causes of poverty, but also uses a large number of research data and life cases to uncover the logical truth behind the "poverty trap".

Through it, you will find that in fact, poverty is not only poor because of lack of money and lack of money, but more importantly, poverty is in thinking and trapped in mentality.

If you want to get out of the cycle of "poverty", you must bypass one trap after another in order to truly live a prosperous life.

The author of the book -Abhijit Banerjee,It comes from one of the poorest hamlets in Mumbai, India.

Unable to rely on the help of his parents, he could only rely on his own efforts, relying on reading to rewrite his destiny, all the way from the mountain village to the city, from India to the United States, and finally became a professor of international economics at the Massachusetts Institute of Technology.

Therefore, his understanding of the root causes of poverty, and his view of escaping the curse of poverty, is very constructive and feasible.

Another author of this bookEsther Dufro,He is a professor of poverty alleviation and development economics at the Massachusetts Institute of Technology, and has made outstanding contributions in the field of economics and has received a large number of honors.

Named one of Fortune's "Most Influential Business Leaders" under 40;

He was named one of the "Eight Outstanding Economists" by the century-old British magazine "The Economist", and one of the "100 Most Influential Thinkers" by Foreign Policy Magazine, the world's most influential international current affairs publication.

They have also conducted a large number of investigations and studies on 240 poverty alleviation experimental projects from the perspective of economics, and the research results have also been unanimously recognized by the international academic community.

Even more interestingly, Abhijit Banerjee and Esther Deverlo, who are not only like-minded colleagues, but also like-minded couples, both won the Nobel Prize in Economics in 2019 for their "experimental approach to reducing global poverty".

In fact, poverty is not only a personal problem, but also a worldwide problem, when it comes to poverty, perhaps we think most about no money, lack of money, but through the analysis of a large number of survey data by two economists, it is not difficult for us to find,The biggest barrier between the poor and the rich is not money, but the limitations of thinking and the lack of cognition.

If you don't get out of the thinking trap and don't improve your cognitive pattern, no matter how hard you try to lose, you won't make a lot of money.

The book "The Nature of Poverty: Why We Can't Get Out of Poverty" condenses all the essence of the author's laboratory research, and not long after its publication, the authors Banerjee and Duvero won the 2019 Nobel Prize in Economic Sciences.

Recognized as the world's most prestigious economist and the author of "Devil's Economics", Stephen Levitt was highly praised, "I haven't read a book that can make me learn so much in a long time, and "The Nature of Poverty" is the greatest gift of economics. ”

Next, let's follow the strokes of two economists to explore the secret of wealth from the book "The Nature of Poverty", establish a correct understanding, and jump out of the poverty trap.

About the author: Xinran.

I used to be a soldier on the battlefield, but now I write my heart by hand, and since then I have been holding a baby in one hand and planting flowers in the other, in the fireworks in the world, sniffing poetry and distance. Article First Publication Challenge