The Financial Times and Goldman Sachs Business Book of the Year Award honors a book providing the most compelling and enjoyable insight into modern business issues. This year’s winner is Poor Economics: A Radical Rethinking of the Way to Fight Global Poverty by Abhijit V. Banerjee and Esther Duflo (PublicAffairs). The authors take home £30,000 (about $48,000) with this honor.

Lionel Barber, Financial Times editor and chair of the judges said he had been “blown away by the thoroughness of [Banerjee and Duflo's] empirical research. This is going to be a real basis for innovation in policy, innovation in government, and a guide to intellectual debate. This is a business book in the broadest sense.”

Click here to watch an interview with author Abhijit Banerjee.

The other shortlisted books are:
Exorbitant Privilege
by Barry Eichengreen;

Good Strategy/Bad Strategy by Richard Rumelt;

The Quest by Daniel Yergin;

Triumph of the City by Edward Glaeser; and

Wilful Blindess by Margaret Heffernan.

The five shortlisted books each receive £10,000.

Tune In And Smarten Up

January 13, 2011

BBC Radio 4 produces programs that will enliven your day and inspire your thoughts. Best of all, you don’t have to live in Great Britain to listen to them. You can listen to programs like Melvyn Bragg’s In Our Time series where he and special guests discuss the history of ideas. There’s also the book discussions on Bookclub where you can here impressively articulate authors discuss their work. We recommend beginning with this year’s Man Booker Award winner Howard Jacobson discussing his book The Mighty Walzer.