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Theories on the causes of poverty are the foundation upon which poverty reduction strategies are based. While in developed nations poverty is often seen as either a personal or a structural defect, in developing nations the issue of poverty is more profound due to the lack of governmental funds.
The culture of poverty frames low-income earners as existing within a culture that perpetuates poverty in a generational cycle. The theory suggests that the economic climate does not play a significant role in poverty. Those existing within a culture of poverty largely bring poverty upon themselves through acquired habits and behaviours.
The goal of Malthusian theory is to explain how population and food production expand, with the latter experiencing arithmetic growth and the former experiencing exponential growth. [28] The controversy, however, concerns the relevance of Malthusian theory in the present world. This hypothesis is inapplicable in a number of ways.
Dependency theory is the idea that resources flow from a "periphery" of poor and exploited states to a "core" of wealthy states, enriching the latter at the expense of the former. A central contention of dependency theory is that poor states are impoverished and rich ones enriched by the way poor states are integrated into the "world system".
The classical economists took the theory of the determinants of the level and growth of population as part of Political Economy. Since then, the theory of population has been seen as part of Demography. In contrast to the Classical theory, the following determinants of the neoclassical theory value are seen as exogenous to neoclassical economics:
There are behavioral, structural and political theories on the causes of poverty: "Behavioral theories concentrate on individual behaviors as driven by incentives and culture. Structural theories emphasize the demographic and labor market context, which causes both behavior and poverty.
The Poverty of Philosophy (French: Misère de la philosophie) is a book by Karl Marx published in Paris and Brussels in 1847, where he lived in exile from 1843 until 1849. It was originally written in French as a critique of the economic and philosophical arguments of French anarchist Pierre-Joseph Proudhon set forth in his 1846 book The System ...
Regions characterized by poverty, such as South Asia and Africa, have received particular attention with regard to the underinvestment predicted by Lucas. African nations, with their impoverished populace and rich natural resources, has been upheld as exemplifying the type of nations that would, under neoclassical assumptions, be able to offer ...