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The volume is divided into three parts: A: Economic Growth and Related Problems (covering international trade and economic integration, including a comparative study between Europe and America) B: Theoretical Welfare Economics (welfare propositions in economics, profit maximization and its implications and the Theory of Tariffs) C: Practical Welfare Economics (the price of economic progress, equity and international payments).
In spite of an unprecedented period of growth and prosperity, the poverty rate in the United States remains high relative to the levels of the early 1970s and relative to those in many industrialized countries today. Understanding Poverty brings the problem of poverty in America to the fore, focusing on its nature and extent at the dawn of the twenty-first century.