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
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Overview

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

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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