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Subject: Economics and Finance  Book Title: Understanding Poverty
Understanding Poverty
Banerjee, Abhijit Vinayak, Professor of Economics, MIT
Mookherjee, Dilip, Professor of Economics, Boston University
Bénabou, Roland, Professor of Economics, Princeton University
Print publication date: 2006
Published to Oxford Scholarship Online: September 2006
Print ISBN-13: 978-0-19-530519-7
doi:10.1093/0195305191.001.0001


 
Abstract: This volume presents 28 essays on poverty by some of the leading experts in the field of economics. The book is divided into three sections, beginning with an essay about how poverty is measured. The first section is about the causes of poverty and its persistence, and the ideas range from the impact of colonialism and globalization to the problems of “excessive” population growth, corruption, and ethnic conflict. The second section is about policy: how should we fight poverty? The essays discuss issues such as how to get drug companies to produce more vaccines for the diseases of the poor, what we should and should not expect from micro-credit, what we should do about child labor, and how to design welfare policies that work better. The third section presents new ways of thinking about poverty such as the integration of psychology and economics, nonmarket institutions, and interconnections between race and economic inequality.

Keywords: poor, colonialism, globalization, population growth, corruption, ethnic conflict, diseases, microfinance, child labor, welfare policy
Table of Contents
Introduction
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1. Measuring Poverty
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2. Understanding Prosperity and Poverty: Geography, Institutions, and the Reversal of Fortune
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3. Colonialism, Inequality, and Long-Run Paths of Development
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4. The Kuznets Curve: Yesterday and Tomorrow
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5. New Growth Approach to Poverty Alleviation
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6. Globalization and All That
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7. The Global Economy and the Poor
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8. The Role of Agriculture in Development
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9. Fertility and Income
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10. Fertility in Developing Countries
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11. Corruption and Development
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12. Ethnic Diversity and Poverty Reduction
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13. Redistribution toward Low Incomes in Richer Countries
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14. Transfers and Safety Nets in Poor Countries: Revisiting the Trade-Offs and Policy Options
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15. Poverty Persistence and Design of Antipoverty Policies
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16. Child Labor
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17. Policy Dilemmas for Controlling Child Labor
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18. The Primacy of Education
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19. Public Goods and Economic Development
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20. Intellectual Property and Health in Developing Countries
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21. Public Policies to Stimulate Development of Vaccines for Neglected Diseases
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22. Microinsurance: The Next Revolution?
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23. Credit, Intermediation, and Poverty Reduction
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24. Poor but Rational?
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25. Better Choices to Reduce Poverty
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26. Nonmarket Institutions
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27. Racial Stigma: Toward a New Paradigm for Discrimination Theory
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28. Aspirations, Poverty, and Economic Change
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Index
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doi:10.1093/0195305191.001.0001



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PART I THE CAUSES OF POVERTY
PART II HOW SHOULD WE GO ABOUT FIGHTING POVERTY?
PART III NEW WAYS OF THINKING ABOUT POVERTY