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Books > Social sciences > Sociology, social studies > Social issues > Unemployment
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Poverty Traps (Paperback)
Loot Price: R860
Discovery Miles 8 600
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Poverty Traps (Paperback)
Expected to ship within 10 - 15 working days
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Donate to Against Period Poverty
Total price: R870
Discovery Miles: 8 700
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Much popular belief--and public policy--rests on the idea that
those born into poverty have it in their power to escape. But the
persistence of poverty and ever-growing economic inequality around
the world have led many economists to seriously question the model
of individual economic self-determination when it comes to the
poor. In Poverty Traps, Samuel Bowles, Steven Durlauf, Karla Hoff,
and the book's other contributors argue that there are many
conditions that may trap individuals, groups, and whole economies
in intractable poverty. For the first time the editors have brought
together the perspectives of economics, economic history, and
sociology to assess what we know--and don't know--about such traps.
Among the sources of the poverty of nations, the authors assign a
primary role to social and political institutions, ranging from
corruption to seemingly benign social customs such as kin systems.
Many of the institutions that keep nations poor have deep roots in
colonial history and persist long after their initial causes are
gone. Neighborhood effects--influences such as networks, role
models, and aspirations--can create hard-to-escape pockets of
poverty even in rich countries. Similar individuals in dissimilar
socioeconomic environments develop different preferences and
beliefs that can transmit poverty or affluence from generation to
generation. The book presents evidence of harmful neighborhood
effects and discusses policies to overcome them, with attention to
the uncertainty that exists in evaluating such policies.
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