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The Two Poverties

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  • Abhijit Banarjee
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    Abstract

    There are at least two distinct and inconsistent views of poverty. These views, which can be called “poverty as desperation” and “poverty as vulnerability”, have different implications about anti-poverty policy. It is important to confront this conflict and to try to devise empirical stategies which will help us distinguish between these views.

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    Bibliographic Info

    Article provided by Nordic Journal of Political Economy in its journal Nordic Journal of Political Economy.

    Volume (Year): 26 (2000)
    Issue (Month): ()
    Pages: 129-141

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    Handle: RePEc:noj:journl:v:26:y:2000:p:129-141

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    Web page: http://www.nopecjournal.org

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    1. Townsend, Robert M, 1994. "Risk and Insurance in Village India," Econometrica, Econometric Society, vol. 62(3), pages 539-91, May.
    2. Galor, Oded & Zeira, Joseph, 1988. "Income Distribution and Macroeconomics," MPRA Paper 51644, University Library of Munich, Germany, revised 01 Sep 1989.
    3. Patrick Legros & Andrew F. Newman, 1992. "Wealth Effects," Discussion Papers 1024, Northwestern University, Center for Mathematical Studies in Economics and Management Science.
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    Cited by:
    1. Santos, Paulo & Barrett, Christopher B., 2006. "Informal Insurance in the Presence of Poverty Traps: Evidence from Southern Ethiopia," 2006 Annual Meeting, August 12-18, 2006, Queensland, Australia 25487, International Association of Agricultural Economists.

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