Poverty and Prosperity

Poverty, Illiteracy cum Prosperity Theology: A Quantitative Study

Prosperity Theology is the teaching that believers have a right to the blessings of health and wealth and that they can obtain these blessings through positive confessions of faith and the “sowing of seeds” through the faithful payment of tithes and offerings. However, the literature reveals that most adherents to the prosperity gospel are not prospering financially and prosperity preachers hav...

Why Nations Fail: The Origins of Power, Prosperity, and Poverty

T he causes of political instability and state failure have become growing concerns for strategic leaders and national security professionals because the United States is much more likely to deploy force in countries experiencing such conditions than to engage a peer competitor in a conventional war. The authors of Why Nations Fail provide a compelling explanation for state failure that is all ...

Patience and prosperity

This paper introduces wealth-dependent time preference into a simple model of endogenous growth. The model generates adjustment dynamics in line with the historical facts on savings and economic growth in Europe from the High Middle Ages to today. Along a virtuous cycle of development more wealth leads to more patience, which leads to more savings and even higher wealth. Savings rates and incom...

Preschool and Prosperity

Substantial research shows that high-quality early childhood education programs have a large economic payoff. This payoff is increased earnings for former child participants, increased earnings for parents, and increased earnings for all workers when average worker skills improve. A program package of universal pre-K, combined with child care and parenting support for all low-income families, w...

Prosperity and Environmental Quality