Poverty and Wealth: a Christian Perspective

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...

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...

The Economics of Poverty and the Poverty of Economics: A Christian Perspective

An Analytical Examination of the Effects of Financial Development on Poverty

Financial development is one of the pillars of economic development and growth at national level. While it improves revenue at macro level, its effect on distribution of wealth or income inequality and poverty is unknown. Therefore, the present paper is an analytical attempt to analyze the effects of financial development on poverty along with the factors effective in poverty in selected member...

The pattern of income distribution and wealth from the perspective of the Holy Quran

Abstract An optimal pattern is expected to simplify complex phenomena on a small scale. The pattern of income distribution and wealth from the perspective of the Holy Quran to the systematic set of foundations and infrastructures (such as the true ownership of God (his will) on existence, the substitution of man and the trustworthiness of property in his hands); goals (spirituality, justice ...