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Poverty Traps
Author: Samuel Bowles

ISBN: 9780691170930
Format: Paperback
Number Of Pages: 256
Published: 15 February 2016
Country of Publication: US
Dimensions (cm): 23.5 x 15.5 x 1.4
Description:
Much popular belief--and public policy--rests on the idea that those born into poverty have it in their power to escape. But the persistence of poverty and ever-growing economic inequality around the world have led many economists to seriously question the model of individual economic self-determination when it comes to the poor. In Poverty Traps, Samuel Bowles, Steven Durlauf, Karla Hoff, and the book's other contributors argue that there are many conditions that may trap individuals, groups, and whole economies in intractable poverty. For the first time the editors have brought together the perspectives of economics, economic history, and sociology to assess what we know--and don't know--about such traps.  Among the sources of the poverty of nations, the authors assign a primary role to social and political institutions, ranging from corruption to seemingly benign social customs such as kin systems. Many of the institutions that keep nations poor have deep roots in colonial history and persist long after their initial causes are gone.  Neighborhood effects--influences such as networks, role models, and aspirations--can create hard-to-esca...

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