Poverty Economics

In its history since Independence, India has seen widely different economic experiments: from Jawharlal Nehru's pragmatism to the rigid state socialism of Indira Gandhi to the brisk liberalization of the 1990s. So which strategy best addresses India's, and by extension the world's, greatest moral challenge: lifting a great number of extremely poor people out of poverty? Bhagwati and Panagariya argue forcefully that only one strategy will help the poor to any significant effect: economic growth, led by markets overseen and encouraged by liberal state policies.

Paul Polak, whose organization International Development Enterprises (IDE) has directly helped over 17 million people get out of poverty permanently, exposes the top 3 things we are doing wrong in our efforts to end the root causes of poverty. He then, through the story of a Nepali farmer, goes on to detail solutions for what actually works when it comes to ending poverty.

Many believe that the War on Poverty, launched by President Johnson in 1964, ended in failure. In 2010, the official poverty rate was 15 percent, almost as high as when the War on Poverty was declared. Historical and contemporary accounts often portray the War on Poverty as a costly experiment that created doubts about the ability of public policies to address complex social problems. Legacies of the War on Poverty, drawing from fifty years of empirical evidence, documents that this popular view is too negative.

In the recent years, people have studied the unusual increase in the number of prime-aged men who are unemployed. According to Nicholas Eberstadt, a political economist who holds the Henry Wendt Chair in Political Economy at the American Enterprise Institute, the drop of the share of prime-aged men in the labor market in other prosperous democracies has never been as severe as it is in the United States. 

Coming of Age in the Other America shows that despite overwhelming odds, some disadvantaged urban youth do achieve upward mobility. Drawing from 10 years of fieldwork with parents and children who resided in Baltimore public housing, sociologists Stefanie DeLuca, Susan Clampet-Lundquist, and Kathryn Edin highlight the remarkable resiliency of some of the youth who hailed from the nation's poorest neighborhoods and show how the right public policies might help break the cycle of disadvantage.

In this powerful and culminating work about a group of inner-city children he has known for many years, Jonathan Kozol returns to the scene of his prize-winning books Rachel and Her Children and Amazing Grace, and to the children he has vividly portrayed, to share with us their fascinating journeys and unexpected victories as they grow into adulthood. For nearly 50 years Jonathan has pricked the conscience of his readers by laying bare the savage inequalities inflicted upon children for no reason but the accident of being born to poverty within a wealthy nation.

In the span of a generation, oil-rich Venezuela spiraled into a dire state of economic collapse. Reporter Paula Ramón experienced the crisis firsthand as her middle-class family saw their quality of life deteriorate. Public services no longer functioned. Money lost its value. Her mother couldn’t afford to buy food, which was increasingly scarce. The once-prosperous country fell into ruin. Like many others, Ramón’s family struggled to survive each day in their beloved city, Maracaibo—until, one by one, they each made the unbearable choice to leave the home they love.

Sound interesting? The author thinks so too! Listen to How the Other Half Lives and learn about the conditions of abject poverty that the residents of the slums of New York at the end of the 19th century had to endure.  

Thomas Piketty über soziale Ungleichtheit und globale Gerechtigkeit. "Das ist ja interessant, was Sie schreiben, aber können Sie es vielleicht auch kürzer sagen?" Diese Frage ist Thomas Piketty, der mit seinem umfangreichen Bestseller "Das Kapital im 21. Jahrhundert" eine internationale Debatte über die Ursachen sozialer Ungleichheit in Gang gebracht hat, oft gestellt worden. Piketty hat diese Bitten ernst genommen und das Ergebnis ist eine Weltgeschichte der sozialen Konflikte und Konstellationen und eine Lektion in globaler Gerechtigkeit.

Successful change requires all voices and voters at the table to be heard and valued. The Bridges Out of Poverty model is an antidote to current divisiveness, facilitates dialogue and respect among stakeholders, and offers policy-level direction for elected officials. The authors’ goal is to provide a road map for coming together as individuals, institutions, and communities to help people get out of poverty and create communities, states, and indeed a country where everyone can live well. 

Since the Great Recession, most Americans' standard of living has stagnated or declined. Economic inequality is at historic highs. But inequality's impact differs by race; African Americans' net wealth is just a 10th that of White Americans, and over recent decades, White families have accumulated wealth at three times the rate of Black families. In our increasingly diverse nation, sociologist Thomas M. Shapiro argues, wealth disparities must be understood in tandem with racial inequities - a dangerous combination he terms "toxic inequality".

With the rising global demand for cotton - and thus, slaves - in the 1840s and 1850s, the need for white laborers in the American South was drastically reduced, creating a large underclass who were unemployed or underemployed. These poor whites could not compete - for jobs or living wages - with profitable slave labor. Though impoverished whites were never subjected to the daily violence and degrading humiliations of racial slavery, they did suffer tangible socioeconomic consequences as a result of living in a slave society.

Crash tells the story of the Great Depression, from the sweeping fallout of the market collapse to the more personal stories of those caught up in the aftermath. Packed with photographs, primary documents, and firsthand accounts, Crash shines a spotlight on pivotal moments and figures across ethnic, gender, racial, social, and geographic divides, reflecting many different experiences of one of the most turbulent decades in American history.

The first half of Chris Hughes's life played like a movie reel right out of the "American Dream". He grew up in a small town in North Carolina. His parents were people of modest means, but he was accepted into an elite boarding school and then Harvard, both on scholarship. There, he met Mark Zuckerberg and Dustin Moskovitz and became one of the co-founders of Facebook. In telling his story, Hughes demonstrates the powerful role fortune and luck play in today's economy. Through the rocket ship rise of Facebook, Hughes came to understand how a select few can become ultra-wealthy nearly overnight.

Like Dave Eggers’ Zeitoun and Alexander Masters’ Stuart, this is a tour de force of narrative reportage - an intimate portrait of an invisible man. Mohammed Ashraf studied biology in college, and after college he learned how to repair television sets, cut suit lengths, and slice chicken. He has lived in Mumbai, Calcutta, Hyderabad, Surat, and Patna, but this evening he is stoned on a street in Sadar Bazaar, in North Delhi. The morning shall bring hangovers, whiskey breakfasts, and possibly answers to the lingering questions that haunt Ashraf.

Have you ever wondered how much that guy with the cardboard sign makes? One economics student did and he decided to find out. During the summer of his senior year at college, while earning a B.A. in Economics and Political Science, David P. Spears spent 80 hours undercover as a panhandler. Systematically recording every transaction at the exit ramp, Spears captured a rarely seen picture of how modern urban charity works.

Warum unsere Gesellschaft Arbeitslose verachtet und sie dennoch braucht. Faul. Ungebildet. Desinteressiert. Selber schuld. Als Kind von zwei Langzeitarbeitslosen weiß Anna Mayr, wie falsch solche Vorurteile sind. Früher schämte sie sich, dass ihre Eltern keine Jobs haben. Heute weiß sie, dass unsere Gesellschaft Menschen wie sie braucht: als drohendes Bild des Elends. In ihrem kämpferischen, thesenstarken Buch zeigt Mayr, warum wir die Geschichte der Arbeit neu denken müssen und wie eine Welt aussehen könnte, in der wir die Elenden nicht mehr brauchen, um unseren Leben Sinn zu geben.

Did you know that over 600 million people live on less than $2 a day? Nearly 10 percent of the global population struggles to survive 24 hours at a time. Eradicating extreme poverty may seem simple, but it's very complex.

Pulitzer Prize winner Tony Messenger offers the first humane, journalistic expose of an American tragedy: modern-day debtor's prisons and how they've destroyed the lives of poor Americans.

La pobreza es solo ausencia de riqueza, algo que dados los mitos económicos de la época se suele olvidar. El libro plantea que al considerar a la pobreza como un fenómeno "causado", se incurre en una explicación falsa acerca de la creación de la riqueza y sus condiciones y cómo eso sirve a un proyecto político vitimizante y frustrante.