Unveiling the Hidden Dimensions of Poverty: A Comprehensive Exploration in 'The Economics of Poverty'

The Economics of Poverty: History, Measurement, and Policy

by Martin Ravallion

4.3 out of 5

Language	:	English
File size	:	8800 KB
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Screen Reader	:	Supported
Enhanced typesetting	:	Enabled
Word Wise	:	Enabled
Print length	:	736 pages
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Poverty, a complex and multifaceted phenomenon, has plagued humanity for centuries. Understanding its intricate nature and devising effective strategies to address it are crucial steps towards a more equitable and just society.

In the groundbreaking work, 'The Economics of Poverty: History, Measurement, and Policy', renowned economists Anthony B. Atkinson, Thomas Piketty, and Emmanuel Saez offer a comprehensive examination of poverty. This seminal text delves into the historical roots of poverty, the challenges of measuring it accurately, and the effectiveness of various poverty-alleviation policies.

Historical Perspectives on Poverty

The book traces the history of poverty from its earliest recorded instances to the present day. It examines how different societies have conceptualized and addressed poverty throughout time. The authors argue that poverty is not an inevitable condition but rather a product of social and economic structures that can be changed.

The historical analysis sheds light on the complex interplay between economic growth, inequality, and poverty. It reveals how factors such as colonialism, war, and natural disasters have contributed to persistent poverty in many parts of the world.

Measuring Poverty Accurately

One of the central challenges in addressing poverty is measuring it accurately. The book discusses the various methodologies used to measure poverty, including income-based measures, consumption-based measures, and multidimensional poverty indices.

The authors emphasize the importance of using multiple indicators to capture the multifaceted nature of poverty. They argue that income alone is an inadequate measure of well-being and that factors such as education, health, and access to clean water and sanitation must also be considered.

Evaluating Poverty-Alleviation Policies

The book dedicates a substantial section to evaluating the effectiveness of different poverty-alleviation policies. The authors examine the impact of social safety nets, minimum wage laws, and conditional cash transfer programs, among others.

The analysis draws on a wealth of empirical evidence to assess the impact of these policies on poverty reduction. The authors identify the strengths and weaknesses of different approaches and offer recommendations for policymakers.

'The Economics of Poverty: History, Measurement, and Policy' is an essential read for anyone seeking a comprehensive understanding of poverty. It provides a rigorous and insightful analysis of the causes and consequences of poverty and offers invaluable insights for policymakers and practitioners working to alleviate this pressing issue.

By unraveling the hidden dimensions of poverty, this book empowers us to challenge the status quo and work towards a more just and equitable world for all.

The Economics of Poverty: History, Measurement, and Policy

by Martin Ravallion

4.3 out of 5

Language	:	English
File size	:	8800 KB
Text-to-Speech	:	Enabled
Screen Reader	:	Supported
Enhanced typesetting	:	Enabled
Word Wise	:	Enabled
Print length	:	736 pages
Lending	:	Enabled

FREE