Seduced and Betrayed exhibits the brilliance of thought that heterodox economic analysis can bring to bear on important issues. The book is built on an analytical framework that encompasses the roles of context and unequal power, illuminating the sociological and psychological forces at play. For this reason alone, this book is a must-read for economists and policymakers. Its importance also lies in its success at challenging the seductive notion that microfinance promotes women's empowerment and in identifying the link between microfinance and the broader global problem of financialization of our economies.--Stephanie Seguino, coeditor of Critical and Feminist Perspectives on Financial and Economic Crises