Sublime

Even when our preferences do not directly depend on what other people do, the behavior of others can convey a signal that alters our beliefs and our behavior.

"poverty as deficit,"

At the heart of poverty alleviation is change.

this suggests that at least among these very poor urban households, getting more calories was not a priority: Getting better-tasting ones was.8

public policy

Muhammad Yunus, an economist, microfinance pioneer, and winner of the Nobel Peace Prize, has contrasted the “worm’s-eye view” of personal experience with the “bird’s-eye view” that statistics can provide.

First, the poor often lack critical pieces of information and believe things that are not true. They

Economics is, at root, the study of incentives: how people get what they want, or need, especially when other people want or need the same thing.