Full Description
Engaging and accessible, The Entrepreneurial Solution to Poverty and the Science of What is Possible examines the systematic practice of poverty alleviation. Using the science of informational economics (IE), based on leveraging specific information, as well as decades' worth of experimental evidence, James Fiet demonstrates how poverty may be mitigated through entrepreneurial practices.
This visionary book suggests a number of key practical methods by which poverty can be alleviated, even without resources or personal connections. Classifying IE as 'the science of what is possible', Fiet demonstrates how to substitute information - the lowest common denominator of what individuals already possess or can acquire - for resources. The book employs 30 years of experimental results as the basis for its entrepreneurial approach to poverty alleviation, inviting its readers to extend the science of what is possible and succeed regardless of their circumstances.
Holding the potential to alter how work is approached and carried out in the area of poverty alleviation, the innovative ideas explored in this book will be of significant interest and inspiration to researchers and students, but also beyond academia to government agencies, foundations, and charities, as well as individuals and organizations invested in solving the problem of poverty.
Contents
Contents: Preface 1. Navigating a solution to poverty 2. Informational economics as the science of what is possible 3. Estimating the wealth-creating potential of a venture idea 4. Modeling constrained, systematic search as an instrument of informational economics 5. A test of the science of what is possible by the poor 6. Arbitraging information using windows of opportunity 7. Shifting risk using forgiving business models 8. Cooperative arrangements to develop economies of scope 9. The friendly mathematics of wealth accumulation as a way of alleviating poverty 10. The complementary tools in informational economics 11. Conclusion to The Entrepreneurial Solution to Poverty and the Science of What is Possible References Index
