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The Condition of Poverty and
the Creation of Wealth
Poverty remains an endemic state of man. The curse imposed by
an angry god on Adam and his descendants describes the human
fate. Man experienced...
Introduction
The notion that we have to depend on government to assist the
poor has acquired the status of revealed truth. Even those who
acknowledge the unparalleled success of market economies at...
Introduction
For two decades following the end of World War II, rapid growth,
rising incomes, and declining poverty rates characterized the American
economy. Real per capita disposable income incre...
TRANSFERS AND POVERTY：CAUSE AND/OR EFFECT?
poverty the United States public transfer sector
2008/12/5
Recently there has been a resurgence of concern about high levels
of poverty in the United States. At the same time attention has been
focused on the growth of the public transfer sector, Although t...
MISMEASURING POVERTY AND PROGRESS
MISMEASURING POVERTY federal government poverty line income
2008/12/5
In 1969 the federal government decided to change the method of
adjusting the poverty line income each year. Instead ofchanging in
proportion to the change in the cost of food, the poverty line hence...
WELFARE AND THE CULTURE OF POVERTY
WELFARE CULTURE
2008/11/19
At the dawn of the American welfare state, in his 1935 State of
the Union message, President Franklin D. Roosevelt (1938: 19—20)
proposed social security, unemployment insurance, and (what was
then...
POVERTY, PROPERTY RIGHTS, AND HUMAN WELL-BEING：A CROSS-NATIONAL STUDY
PROPERTY RIGHTS CROSS-NATIONAL STUDY HUMAN WELL-BEING
2008/11/14
Frank Knight identified property rights as the essential ingredient
for economic progress. In his classic work, Risk, Uncertainty and
Profit, Knight (1971: 319) states:
Let us begin with the relati...
ECONOMIC GROWTH AND POVERTY：IN SEARCH OF TRICKLE-DOWN
ECONOMIC GROWTH ECONOMIC POVERTY TRICKLE-DOWN
2008/11/10
It seems obvious that economic growth should reduce poverty, yet
the issue remains controversial. Some scholars assert that economic
growthdoes not eliminate poverty and may exacerbate the problems
...