Portfolios of the Poor: Seeing the Poor as Economic Actors
Mature, public conversation about issues that matter is foundational for democratic society. I am delighted that Mark Zuckerberg's " A Year of Books " offers such an opportunity. To contribute to that dialog, I will offer commentary on each of the readings proposed by Zuckerberg. I take it simply as truth that most people, rich and poor, spend most of their time earning money, spending money, and worried about money. Portfolios of the Poor: How the World's Poor Live on $2 a Day , authored by Daryl Collins, Jonathan Morduch, Stuart Rutherford, and Orlanda Ruthven, delves into the economic lives of the poor with the science of economists. Portfolios of the Poor assesses more than 250 financial diaries of people who live on $2 a day from South Africa, India, and Bangladesh. Their methodology is sophisticated. Their investment of time with these families is significant. Their treatment of these poor, more importantly, is profoundly respectful. They capture the thri...