The Persistence of Poverty: Why the Economics of the Well-Off Can't Help the Poor by Charles H. Karelis | 9780300151367 | Paperback | Barnes & Noble
The Persistence of Poverty: Why the Economics of the Well-Off Can't Help the Poor

The Persistence of Poverty: Why the Economics of the Well-Off Can't Help the Poor

by Charles H. Karelis
     
 

ISBN-10: 0300151365

ISBN-13: 9780300151367

Pub. Date: 07/21/2009

Publisher: Yale University Press

In this important book, one of our boldest and most original thinkers charges that conventional explanations of poverty are mistaken, and that the anti-poverty policies built upon them are doomed to fail. Using science, history, fables, philosophical analysis, and common observation, Charles Karelis engages us and takes us to a deeper grasp of the link between

Overview

In this important book, one of our boldest and most original thinkers charges that conventional explanations of poverty are mistaken, and that the anti-poverty policies built upon them are doomed to fail. Using science, history, fables, philosophical analysis, and common observation, Charles Karelis engages us and takes us to a deeper grasp of the link between consumption and satisfaction—and from there to a new and persuasive explanation of what keeps poor people poor. Above all, he shows how this fresh perspective can reinspire the long-stalled campaign against poverty.

Product Details

ISBN-13:
9780300151367
Publisher:
Yale University Press
Publication date:
07/21/2009
Edition description:
New Edition
Pages:
208
Product dimensions:
5.40(w) x 8.10(h) x 0.60(d)

Table of Contents

Preface ix

Acknowledgments xv

1 What Poverty Is 1

2 Behavioral Factors in Poverty 12

3 Some Theories 27

4 A Closer Look at the Inefficiency Argument 49

Appendix. Using Indifference Curves to Identify Utility-Maximizing Allocations 58

5 A New Way to Rationalize the Conduct that Prolongs and Worsens Poverty 61

Appendix. Further Exploration Through Graphical Analysis 92

6 Responses to Challenges and Questions 102

Appendix. The Case of Alfred Marshall 130

7 Policy: What Should We Do Differently If We Believe That Marginal Utility Is Increasing Amid Scarcity? 132

8 Economic Justice Reconsidered 153

Notes 165

Index 183

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