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Originally given as lectures at the Graduate Institute of International Studies, University of Geneva and at Radcliffe Institute.
Abhijit Banerjee and Esther Duflo are good at outlining the secrets of economic development. Using many local surveys and experiments, they explore how poor people in poor countries cope with poverty: what they know, what they superficially want or don't want, what they expect of themselves and others, how they make choices. Clearly, they have won many meaningful small victories through individual and public action, bringing huge gains to the world's poor benefits, and those gains are likely to continue to snowball. This book fascinated me and filled me with confidence.
This book is designed to help readers navigate through the vast and rapidly growing literature on poverty in urban America. The major themes, topics, debates, and issues are examined through an analysis of eight basic questions about the nature and problem of urban poverty. After analyzing these issues, Jennings concludes with a brief overview of how public discussions related to poverty in the 1990s are similar to such debates in earlier periods. -- From product description.
"The Poverty of the World explores the origins of a conception of "global poverty" in 20th century American thought, politics, and culture. Following a group of American intellectuals, policymakers, and activists-John Collier, Oscar Lewis, John Kenneth Galbraith, Michael Harrington, and Sargent and Eunice Shriver, among others-who came into contact with mass poverty because of the profound reshuffling of the international system after 1945, this book argues that these liberals worked to advance a vision of American power in the world that put poverty-fighting at its center"--
The Land of Too Much presents a simple but powerful hypothesis that addresses three questions: Why does the United States have more poverty than any other developed country? Why did it experience an attack on state intervention starting in the 1980s, known today as the neoliberal revolution? And why did it recently suffer the greatest economic meltdown in seventy-five years? Although the United States is often considered a liberal, laissez-faire state, Monica Prasad marshals convincing evidence to the contrary. Indeed, she argues that a strong tradition of government intervention undermined the development of a European-style welfare state. The demand-side theory of comparative political economy she develops here explains how and why this happened. Her argument begins in the late nineteenth century, when America’s explosive economic growth overwhelmed world markets, causing price declines everywhere. While European countries adopted protectionist policies in response, in the United States lower prices spurred an agrarian movement that rearranged the political landscape. The federal government instituted progressive taxation and a series of strict financial regulations that ironically resulted in more freely available credit. As European countries developed growth models focused on investment and exports, the United States developed a growth model based on consumption. These large-scale interventions led to economic growth that met citizen needs through private credit rather than through social welfare policies. Among the outcomes have been higher poverty, a backlash against taxation and regulation, and a housing bubble fueled by “mortgage Keynesianism.” This book will launch a thousand debates.
We can win the fight against global poverty. Combining penetrating economic analysis with insightful theological reflection, this book sketches a comprehensive plan for increasing wealth and protecting stability at a national level.