In his Presidential Address to the European Economic Association, Tony Atkinson introduced the idea of a “Charitable Conservatism” position in public policy, which “exhibits a degree of concern for the poor, but this is the limit of the redistributional concern and there is indifference...

Globalization and Economic Reform have enormous potential for economic growth and poverty reduction. But there are at least three troubling features of these phenomena that have emerged over the last two decades—technical change which is biased in favor of capital and skilled labor; increased...

Crises are likely to be new normal for developing and transition economies. In designing programs to protect the poor against crises, governments face two uncertainties— uncertainty of crisis type and uncertainty of crisis timing. In the face of these uncertainties, I propose three lines of...

This paper analyses the impact of aid, and its optimal allocation, when conditionality is ineffective. It is assumed that the recipient government will implement its own preferences no matter what. In this set up, aid can still affect the behavior of a recipient, not through conditionality but...

We develop an integrated, general equilibrium, model of how the presence of vertical ties of ‘community’ between sections of workers and sections of capitalists can critically affect the distribution of income between capitalists as a class and workers as a class, as well as between workers...

This compendium of entries on the economics of Africa provides thematic and country perspectives by more than 100 leading economic analysts of Africa. The contributors include: the best of young African researchers based in Africa; renowned academics from the top universities in Africa, Europe and...

This paper considers the evolution ofthinking about poverty since Rowntree's classic study ofpoverty in England at the turn ofthe last century. It highlights the progressive broadening ofthe definition and measurement ofpoverty, from command over market-purchased goods (income) to other...