"An overview of the economic development of and policies intended to combat poverty around the world"--Provided by publisher.

Poverty in Contemporary Economic Thought aims to describe and critically examine how economic thought deals with poverty, including its causes, consequences, reduction and abolition. This edited volume traces the ideas of key writers and schools of modern economic thought across a significant period, ranging from Friedrich Hayek and Keynes to latter-day economists like Amartya Sen and Angus Deaton. The chapters relate poverty to income distribution, asserting the point that poverty is not always conceived of in absolute terms but that relative and social deprivation matters also. Furthermore, the contributors deal with both individual poverty and the poverty of nations in the context of the international economy. In providing such a thorough exploration, this book shows that the approach to poverty differs from economist to economist depending on their particular interests and the main issues related to poverty in each epoch, as well as the influence of the intellectual climate that prevailed at the time when the contribution was made. This key text is valuable reading for advanced students and researchers of the history of economic thought, economic development and the economics of poverty.

This innovative book challenges the most powerful and pervasive ideas concerning political economy, international relations, and ethics in the modern world. Rereading classical authors including Adam Smith, James Steuart, Adam Ferguson, Hegel, and Marx, it provides a systematic and fundamental cultural critique of political economy and critically describes the nature of the mainstream understanding of economics. Blaney and Inayatullah construct a powerful argument about how political economy and the capitalist market economy should be understood, demonstrating that poverty is a product of capitalism itself. They address the questions: Is wealth for some bought at the cost of impoverishing, colonizing, or eradicating others? What benefits of wealth might justify these human costs? What do we gain and lose by endorsing a system of wealth creation? Do even "savage cultures" contain values, critiques, and ways of life that the West still needs? Opening the way for radically different policies addressing poverty and demanding a rethink of the connections between political economy and international relations, this thought-provoking book is vital reading for students and scholars of politics, economics, IPE and international relations.

Thinking about Poverty provides a critical understanding of poverty in the global context: how global structures affect people in Australia and the way policy-makers respond. In the midst of waning public interest, the book fills an important gap in the current public discourse on poverty and covers:the extent of poverty and unprecedented wealth and income inequality across the world, including Australia;why neoliberalism remains at the heart of mainstream global discourse and continues to shape public policy;how a deregulated and speculative global economy creates massive private and public debt, undermining the real economy, employment and wage growth;why neoliberalism still influences national governments to implement further privatisation, deregulation and other neoliberal policies which implement corporate tax cuts, and re-distribution of wealth and income upwards, while at the same time reducing welfare provisions that exacerbate poverty, social disadvantage and inequality;the pivotal role and importance of the welfare state to alleviate some of the excesses of neoliberal capitalism;individualised and structural theories that try to explain the existence of poverty;mainstream and alternative poverty definitions which are not based solely on economic measurements; andthe impact of public policy on various groups, including Aboriginal people, the unemployed, the mentally ill, older Australians, people with disabilities, women and families.Thinking about Poverty argues that the quality of any society must be judged by its values and norms; that without a just and decent moral code, humanity is unlikely to be able to survive the social, economic and political challenges ahead. Having large numbers living in deprived conditions, while a few live in extraordinary luxury is clearly not just - nor is it morally defensible. The book therefore concludes that political leaders are liable to lose the legitimacy to govern if they continue the current course of governing for a chosen few rather than for the overall common good.Not just a critique, Thinking about Poverty puts forward a range of policy strategies and alternative economic thinking. With contributions from academics and practitioners, the book makes a contemporary and accessible contribution to discourse about poverty in Australia.Contributors: Robert Bland, Andreas Cebulla, Benno Engels, Sue Green, Paul Harris, Ilan Katz, Helen Kimberley, Sonia Martin, Ruth Phillips, Eric Porter, David Rose, Klaus Serr, Karen Soldatic, Ben Spies-Butcher, Frank Stilwell and David Sykes.

In this important volume, Joost Hengstmengel examines the doctrine of divine providence and how it served as explanation and justification in economic debates in the sixteenth, seventeenth and eighteenth centuries throughout Western Europe. The author discusses five different areas in which God was associated with the economy: international trade, division of labour, value and price, self-interest, and poverty and inequality. Ultimately, it is shown that theological ideas continued to influence economic thought beyond the Medieval period, and that the science of economics as we know it today has theological origins. Interdisciplinary in nature, this book will be of interest to advanced students and researchers in the history of economic thought, the history of theology, philosophy and intellectual history.

This Handbook examines poverty measurement, anti-poverty policy and programs, and poverty theory from the perspective of economics. It is written in a highly accessible style that encourages critical thinking about poverty. What's known about the sources of poverty and its alleviation are summarized and conventional thinking about poverty is challenged.

A deep and widespread crisis affects modern economic theory, a crisis that derives from the absence of a "vision"--a set of widely shared political and social preconceptions--on which all economics ultimately depends. This absence, in turn, reflects the collapse of the Keynesian view that provided such a foundation from 1940 through the early 1970s, comparable to earlier visions provided by Smith, Ricardo, Mill, and Marshall. The "unraveling" of Keynesianism has been followed by a division into discordant and ineffective camps whose common denominator seems to be their shared analytical refinement and lack of practical applicability. This provocative analysis attempts both to describe this state of affairs, and to suggest the direction in which economic thinking must move if it is to regain the relevance and remedial power it now pointedly lacks.