The Two Poverties
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.
References listed on IDEAS
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- Robert M. Townsend, .
"Risk and Insurance in Village India,"
University of Chicago - Population Research Center
91-3a, Chicago - Population Research Center.
- Oded Galor & Joseph Zeira, 1993.
"Income Distribution and Macroeconomics,"
Review of Economic Studies,
Oxford University Press, vol. 60(1), pages 35-52.
- 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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