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The Economics Of Poverty And The Poverty Of Economics: A Christian Perspective

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Author Info
Barrett, Christopher B.

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Abstract

In this world of plenty, almost half of the world's six billion people live on two dollars a day or less and the number living on less than one dollar a day has increased over the past fifteen years (World Bank 2000). Between one third and one half suffer under nutrition due to insufficient intake of calories, protein or critical micronutrients such as vitamin A, iodine and iron. More than one child in five lives in acute poverty. Why does such unnecessary injustice continue to disfigure a rich, technologically advanced world and what can be done to care for the poor and thereby to care for and honor God, as the Gospels instruct us? In attempting to answer those questions, at least partly, this paper offers some insights from recent research in economics, as well as my concerns about the limits to economic understanding of these humanitarian, intellectual and spiritual challenges.

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Paper provided by Cornell University, Department of Applied Economics and Management in its series Working Papers with number 14747.

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Date of creation: 2003
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Handle: RePEc:ags:cudawp:14747

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Keywords: Food Security and Poverty; O1; I1; A1;

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References listed on IDEAS
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  1. Romer, Paul M, 1986. "Increasing Returns and Long-run Growth," Journal of Political Economy, University of Chicago Press, vol. 94(5), pages 1002-37, October. [Downloadable!] (restricted)
  2. Moser, Christine M. & Barrett, Christopher B., 2003. "The disappointing adoption dynamics of a yield-increasing, low external-input technology: the case of SRI in Madagascar," Agricultural Systems, Elsevier, vol. 76(3), pages 1085-1100, June. [Downloadable!] (restricted)
  3. Banerjee, Abhijit V & Newman, Andrew F, 1994. "Poverty, Incentives, and Development," American Economic Review, American Economic Association, vol. 84(2), pages 211-15, May. [Downloadable!] (restricted)
  4. Loury, Glenn C, 1981. "Intergenerational Transfers and the Distribution of Earnings," Econometrica, Econometric Society, vol. 49(4), pages 843-67, June. [Downloadable!] (restricted)
  5. Oswald, A.J., 1997. "Happiness and Economic Performance," Papers 18, Centre for Economic Performance & Institute of Economics.
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  6. Travis J. Lybbert & Christopher B. Barrett & Solomon Desta & D. Layne Coppock, 2004. "Stochastic wealth dynamics and risk management among a poor population," Economic Journal, Royal Economic Society, vol. 114(498), pages 750-777, October. [Downloadable!] (restricted)
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  7. Barrett, Christopher B. & Bezuneh, Mesfin & Clay, Daniel C. & Reardon, Thomas, 2001. "Heterogeneous Constraints, Incentives And Income Diversification Strategies In Rural Africa," Working Papers 14761, Cornell University, Department of Applied Economics and Management. [Downloadable!]
  8. Azariadis, Costas & Drazen, Allan, 1990. "Threshold Externalities in Economic Development," The Quarterly Journal of Economics, MIT Press, vol. 105(2), pages 501-26, May. [Downloadable!] (restricted)
  9. Kanbur, Ravi, 2002. "Economics, Social Science and Development," World Development, Elsevier, vol. 30(3), pages 477-486, March. [Downloadable!] (restricted)
  10. Foster, James & Greer, Joel & Thorbecke, Erik, 1984. "A Class of Decomposable Poverty Measures," Econometrica, Econometric Society, vol. 52(3), pages 761-66, May. [Downloadable!] (restricted)
  11. David I. Levine & Bhashkar Mazumder, 2002. "Choosing the right parents: changes in the intergenerational transmission of inequality between 1980 and the early 1990s," Working Paper Series WP-02-08, Federal Reserve Bank of Chicago. [Downloadable!]
  12. Lucas, Robert Jr., 1988. "On the mechanics of economic development," Journal of Monetary Economics, Elsevier, vol. 22(1), pages 3-42, July. [Downloadable!] (restricted)
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