Poverty Traps,Used

Poverty Traps,Used

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SKU: SONG0691125007
Brand: Princeton University Press
$16.75
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Much popular beliefand public policyrests on the idea that those born into poverty have it in their power to escape. But the persistence of poverty and evergrowing economic inequality around the world have led many economists to seriously question the model of individual economic selfdetermination 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 knowand don't knowabout 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 effectsinfluences such as networks, role models, and aspirationscan create hardtoescape 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.

⚠️ WARNING (California Proposition 65):

This product may contain chemicals known to the State of California to cause cancer, birth defects, or other reproductive harm.

For more information, please visit www.P65Warnings.ca.gov.

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