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2011 Business Book Award

Abhijit V. Banerjee and Esther Duflo have won the 2011 Financial Times and Goldman Sachs Business Book of the Year Award for Poor Economics.

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"Poor Economics is an important and thoughtful book. It provides real insight into many of the fundamental issues that can help alleviate poverty. [It] is a deserving winner."


-Lloyd Blankfein
 

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Abhijit V. Banerjee and Esther Duflo won the Financial Times and Goldman Sachs Business Book of the Year Award 2011 for Poor Economics: A Radical Rethinking of the Way to Fight Global Poverty. The book is a journey into the multi-faceted and complex lives of the poor, based on over fifteen years of work the authors have done with the poor, trying to understand the specific problems that come with poverty – and to find proven solutions.  [Read the press release.]

The Book Award, which aims to find the book that provides ‘the most compelling and enjoyable insight into modern business issues’, was presented on November 3 by Award co-chairs Lionel Barber, Editor, Financial Times, and Lloyd C. Blankfein, Chairman and Chief Executive Officer, The Goldman Sachs Group, Inc. Professors Banerjee and Duflo share a £30,000 prize, and each of the five runners-up received a cheque for £10,000.

The 2011 panel of judges—chaired by Lionel Barber, Editor, Financial Times—included:

  • Mario Monti, President of Bocconi University, Milan; European chairman of Trilateral Commission; honorary president, Bruegel
  • Lynda Gratton, Professor of Management Practice, London Business School
  • Shriti Vadera, Director of Shriti Vadera Ltd; Non-Executive Director of BHP Billiton and AstraZeneca
  • Jorma Ollila, Chairman of Nokia and Royal Dutch Shell
  • Vindi Banga, Partner, Clayton, Dubilier & Rice
  • Arthur Levitt, former Chairman of the United States Securities and Exchange Commission

Read the 2011 Book Award Dinner Biographies [PDF].

This year’s shortlist included: 

  • Poor Economics: A Radical Rethinking of the Way to Fight Global Poverty
    Abhijit V. Banerjee and Esther Duflo (Perseus Books, Public Affairs, USA)
  • Exorbitant Privilege: The Rise and Fall of the Dollar
    Barry Eichengreen (Oxford University Press, UK)
  • Triumph of the City: How Our Greatest Invention Makes Us Richer, Smarter, Greener, Healthier and Happier
    Edward L. Glaeser (The Penguin Press, USA; Macmillan, UK)
  • Willful Blindness: Why We Ignore the Obvious at Our Peril
    Margaret Heffernan (Walker & Co, USA; Simon & Schuster, UK)
  • Good Strategy, Bad Strategy: The Difference and Why It Matters
    Richard Rumelt (Crown Business, USA; Profile, UK)
  • The Quest: Energy, Security, and the Remaking of the Modern World
    Daniel Yergin (The Penguin Press, USA; Allen Lane, UK)


Click here to read more about the 2011 shortlisted books and authors [PDF].