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The structure, efficiency, and growth of production affect (and are affected by) the distribution of consumption. Poverty analysis has three tasks: (1) to define and describe poverty, (2) to understand its causes, and (3) to inform policy. This chapter outlines history of economic thought on...
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How did we come to think that eliminating poverty is a legitimate goal for public policy? What policies emerged in the hope of attaining that goal? The last 200 years have witnessed a dramatic change in thinking about poverty. Mainstream economic thinking in the eighteenth century held that...
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