Poverty Comparisons

First published in 1994. Drawing on a personal network, an economist can still relatively easily stay well informed in the narrow field in which he works, but to keep up with the development of economics as a whole is a much more formidable challenge. Economics are confronted with difficulties associated with the rapid development of their discipline. There is a risk of ‘balkanization’ in economics, which may not be favorable to its development. Fundamentals of Pure and Applied Economics ha...