The Economics of Poverty

The Economics of Poverty

Author: Martin Ravallion

Publisher: Oxford University Press

Published: 2016

Total Pages: 737

ISBN-13: 0190212764

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There are fewer people living in extreme poverty in the world today than 30 years ago. While that is an achievement, continuing progress for poor people is far from assured. Inequalities in access to key resources threaten to stall growth and poverty reduction in many places. The world's poorest have made only a small absolute gain over those 30 years. Progress has been slow against relative poverty as judged by the standards of the country and time one lives in, and a great many people in the world's emerging middle class remain vulnerable to falling back into poverty. The Economics of Poverty reviews critically past and present debates on poverty, spanning both rich and poor countries. The book provides an accessible new synthesis of current economic thinking on key questions: How is poverty measured? How much poverty is there? Why does poverty exist, and is it inevitable? What can be done to reduce poverty? Can it even be eliminated? The book does not assume that readers know economics already. Those new to the subject get a lot of help along the way in understanding its concepts and methods. Economics lives through its relevance to real world problems, and here the problem of poverty is both the central focus and a vehicle for learning.


Poverty in Contemporary Economic Thought

Poverty in Contemporary Economic Thought

Author: Mats Lundahl

Publisher: Routledge

Published: 2021-04-29

Total Pages: 218

ISBN-13: 1000368327

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Poverty in Contemporary Economic Thought aims to describe and critically examine how economic thought deals with poverty, including its causes, consequences, reduction and abolition. This edited volume traces the ideas of key writers and schools of modern economic thought across a significant period, ranging from Friedrich Hayek and Keynes to latter-day economists like Amartya Sen and Angus Deaton. The chapters relate poverty to income distribution, asserting the point that poverty is not always conceived of in absolute terms but that relative and social deprivation matters also. Furthermore, the contributors deal with both individual poverty and the poverty of nations in the context of the international economy. In providing such a thorough exploration, this book shows that the approach to poverty differs from economist to economist depending on their particular interests and the main issues related to poverty in each epoch, as well as the influence of the intellectual climate that prevailed at the time when the contribution was made. This key text is valuable reading for advanced students and researchers of the history of economic thought, economic development and the economics of poverty.


Savage Economics

Savage Economics

Author: David L. Blaney

Publisher: Routledge

Published: 2010-01-04

Total Pages: 556

ISBN-13: 1135265038

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This innovative book challenges the most powerful and pervasive ideas concerning political economy, international relations, and ethics in the modern world. Rereading classical authors including Adam Smith, James Steuart, Adam Ferguson, Hegel, and Marx, it provides a systematic and fundamental cultural critique of political economy and critically describes the nature of the mainstream understanding of economics. Blaney and Inayatullah construct a powerful argument about how political economy and the capitalist market economy should be understood, demonstrating that poverty is a product of capitalism itself. They address the questions: Is wealth for some bought at the cost of impoverishing, colonizing, or eradicating others? What benefits of wealth might justify these human costs? What do we gain and lose by endorsing a system of wealth creation? Do even "savage cultures" contain values, critiques, and ways of life that the West still needs? Opening the way for radically different policies addressing poverty and demanding a rethink of the connections between political economy and international relations, this thought-provoking book is vital reading for students and scholars of politics, economics, IPE and international relations.


The Crisis of Vision in Modern Economic Thought

The Crisis of Vision in Modern Economic Thought

Author: Robert L. Heilbroner

Publisher: Cambridge University Press

Published: 1996-01-26

Total Pages: 148

ISBN-13: 9780521497145

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A deep and widespread crisis affects modern economic theory, a crisis that derives from the absence of a "vision"--a set of widely shared political and social preconceptions--on which all economics ultimately depends. This absence, in turn, reflects the collapse of the Keynesian view that provided such a foundation from 1940 through the early 1970s, comparable to earlier visions provided by Smith, Ricardo, Mill, and Marshall. The "unraveling" of Keynesianism has been followed by a division into discordant and ineffective camps whose common denominator seems to be their shared analytical refinement and lack of practical applicability. This provocative analysis attempts both to describe this state of affairs, and to suggest the direction in which economic thinking must move if it is to regain the relevance and remedial power it now pointedly lacks.


Poverty Knowledge

Poverty Knowledge

Author: Alice O'Connor

Publisher: Princeton University Press

Published: 2001

Total Pages: 396

ISBN-13: 9780691102559

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Alice O'Connor here chronicles the transformation in the study of poverty from a reform-minded inquiry into the political economy of industrial capitalism to the detached, highly technical 1990s analysis of the demographic and behavioural characteristics of the poor. "Poverty Knowledge" is a comprehensive historical account of the thinking behind these very different views of "the poverty problem". It is a century-spanning inquiry into the politics, institutions, ideologies, and social science that shaped poverty research and policy.


The Oxford Handbook of the Economics of Poverty

The Oxford Handbook of the Economics of Poverty

Author: Philip N. Jefferson

Publisher: Oxford University Press

Published: 2012-11-29

Total Pages: 864

ISBN-13: 0195393783

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This Handbook examines poverty measurement, anti-poverty policy and programs, and poverty theory from the perspective of economics. It is written in a highly accessible style that encourages critical thinking about poverty. What's known about the sources of poverty and its alleviation are summarized and conventional thinking about poverty is challenged.


Poor Economics

Poor Economics

Author: Abhijit V. Banerjee

Publisher: PublicAffairs

Published: 2012-03-27

Total Pages: 321

ISBN-13: 1610391608

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The winners of the Nobel Prize in Economics upend the most common assumptions about how economics works in this gripping and disruptive portrait of how poor people actually live. Why do the poor borrow to save? Why do they miss out on free life-saving immunizations, but pay for unnecessary drugs? In Poor Economics, Abhijit V. Banerjee and Esther Duflo, two award-winning MIT professors, answer these questions based on years of field research from around the world. Called "marvelous, rewarding" by the Wall Street Journal, the book offers a radical rethinking of the economics of poverty and an intimate view of life on 99 cents a day. Poor Economics shows that creating a world without poverty begins with understanding the daily decisions facing the poor.


World Crisis and Underdevelopment

World Crisis and Underdevelopment

Author: David Ingram

Publisher: Cambridge University Press

Published: 2018-01-18

Total Pages: 397

ISBN-13: 1108421814

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The book examines the impact of poverty and other global crises in generating forms of structural coercion that cause agential and societal underdevelopment. It draws from discourse ethics and recognition theory in criticizing injustices and pathologies associated with underdevelopment.


Thinking about Poverty

Thinking about Poverty

Author: Klaus Serr

Publisher:

Published: 2017-10-30

Total Pages: 304

ISBN-13: 9781760021450

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Thinking about Poverty provides a critical understanding of poverty in the global context: how global structures affect people in Australia and the way policy-makers respond. In the midst of waning public interest, the book fills an important gap in the current public discourse on poverty and covers:the extent of poverty and unprecedented wealth and income inequality across the world, including Australia;why neoliberalism remains at the heart of mainstream global discourse and continues to shape public policy;how a deregulated and speculative global economy creates massive private and public debt, undermining the real economy, employment and wage growth;why neoliberalism still influences national governments to implement further privatisation, deregulation and other neoliberal policies which implement corporate tax cuts, and re-distribution of wealth and income upwards, while at the same time reducing welfare provisions that exacerbate poverty, social disadvantage and inequality;the pivotal role and importance of the welfare state to alleviate some of the excesses of neoliberal capitalism;individualised and structural theories that try to explain the existence of poverty;mainstream and alternative poverty definitions which are not based solely on economic measurements; andthe impact of public policy on various groups, including Aboriginal people, the unemployed, the mentally ill, older Australians, people with disabilities, women and families.Thinking about Poverty argues that the quality of any society must be judged by its values and norms; that without a just and decent moral code, humanity is unlikely to be able to survive the social, economic and political challenges ahead. Having large numbers living in deprived conditions, while a few live in extraordinary luxury is clearly not just - nor is it morally defensible. The book therefore concludes that political leaders are liable to lose the legitimacy to govern if they continue the current course of governing for a chosen few rather than for the overall common good.Not just a critique, Thinking about Poverty puts forward a range of policy strategies and alternative economic thinking. With contributions from academics and practitioners, the book makes a contemporary and accessible contribution to discourse about poverty in Australia.Contributors: Robert Bland, Andreas Cebulla, Benno Engels, Sue Green, Paul Harris, Ilan Katz, Helen Kimberley, Sonia Martin, Ruth Phillips, Eric Porter, David Rose, Klaus Serr, Karen Soldatic, Ben Spies-Butcher, Frank Stilwell and David Sykes.


Globalization and Poverty

Globalization and Poverty

Author: Ann Harrison

Publisher: University of Chicago Press

Published: 2007-11-01

Total Pages: 674

ISBN-13: 0226318001

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Over the past two decades, the percentage of the world’s population living on less than a dollar a day has been cut in half. How much of that improvement is because of—or in spite of—globalization? While anti-globalization activists mount loud critiques and the media report breathlessly on globalization’s perils and promises, economists have largely remained silent, in part because of an entrenched institutional divide between those who study poverty and those who study trade and finance. Globalization and Poverty bridges that gap, bringing together experts on both international trade and poverty to provide a detailed view of the effects of globalization on the poor in developing nations, answering such questions as: Do lower import tariffs improve the lives of the poor? Has increased financial integration led to more or less poverty? How have the poor fared during various currency crises? Does food aid hurt or help the poor? Poverty, the contributors show here, has been used as a popular and convenient catchphrase by parties on both sides of the globalization debate to further their respective arguments. Globalization and Poverty provides the more nuanced understanding necessary to move that debate beyond the slogans.