Take de Soto’s argument on capital and its main function, and apply it to Banerjee and Duflo’s analysis of any one aspect of poverty in the developing world. In their analysis, do Banerjee and Duflo follow de Soto’s understanding of how capital works in wealth accumulation or not? If yes, explain how these two studies belong to the same school of thought and why. If no, identify the diverging set of ideas Banerjee and Duflo are following, and explain what distinguishes them from de Soto’s approach.
You have to be able to make connections between the empirical evidence Banerjee and Duflo are providing and the theoretical analysis of de Soto. This will require critical thinking, logical reasoning skills, and synthesis of ideas from the two studies.
Your answer should follow a formal essay format, but your sources should be limited primarily to the assigned readings. Limited usage of outside sources is permissible — consult with your professor if you have questions about this.
Format and Style Guidelines:
• Length: 2,000-3,000 words.
• Must be written in Times New Roman 12-point font.
• Must be double-spaced with a 1.25-inch left margin and 1-inch top, bottom and right margins.
• The documentation style utilized must be consistent throughout the paper. Students must choose one of the established academic styles: APA, MLA or the Chicago Style.
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