Rich Poverty: 2 Corinthians 8.1–15 and the Social Meaning of Poverty and Wealth

Wealth, Poverty, and Happiness

The geography of poverty and wealth.

Why are some countries stupendously rich and others horrendously poor? Social theorists have been captivated by this question since the late 18th century, when Scottish economist Adam Smith addressed the issue in his magisterial work The Wealth of Nations. Smith argued that the best prescription for prosperity is a free-market economy in which the government allows businesses substantial freedo...

Poverty and Social Policy of aging Investigating the Determinants of Income Poverty among Older Adults in the OECD Countries

Objectives: Income poverty is one of the most common problems of old age, it varies among older adults living in different societies. The aim of this study is to investigate the predictors of income poverty of older adults based on the data of Organization for Economic Cooperation and Development (OECD) countries. Methods: The secondary data analysis method was used in the present study. The i...

Poverty Traps, Indeterminacy, and the Wealth Distribution

In the present paper we consider a one-sector growth model in continuous time with a production externality and endogenous labor supply. There is a continuum of households who have identical preferences but differ with respect to their initial wealth. We show that there exist economies such that an indeterminate steady state exists for some wealth distribution but not for others. A second resul...

On Gilder and Wealth and Poverty

W E A L T H AND POVERTY* according to the preface is the culmination of a ten-year study of economics that began when the author read Milton Friedman’s Capitalism and Freedom.’ Gilder’s study led through the works of economists Schumpeter and Keynes and into the “supply-side” school of economics. The book itself (hereafter, sometimes denoted by WP) sprang from an earlier sociological study of p...