Catastrophic health shocks do enormous damage to families both economically and otherwise, and are easy to insure, because nobody gets them on purpose. On the other hand, insurance policies that only treat certain catastrophic illnesses are hard to comprehend, especially of you are illiterate and unused to the legalistic nature of exclusions etc.

It is absolute poverty that you could end, but I think relative poverty is a whole other issue.

When you compare individuals, rather than countries, you find that education improves both income and the quality of life.

Abhijit Banerjee Quotes