Immiserizing growth : when growth fails the poor /

Contributor(s):

Material type: Text

TextSeries: Oxford scholarship onlinePublisher: Oxford : Oxford University Press, 2019Edition: First editionDescription: 1 online resource : illustrations (black and white)Content type:

text
still image

Media type:

computer

Carrier type:

online resource

ISBN:

9780191870965 (ebook) :

Subject(s):

Additional physical formats: Print version :: No titleDDC classification:

338.9 23

LOC classification:

HD82

Online resources:

Oxford scholarship online

Summary: Immiserising growth occurs when growth fails to benefit, or harms, those at the bottom. It is not a new concept, appearing in some of the towering figures of the classical tradition of political economy including Malthus, Ricardo, and Marx. It is also not empirically insignificant, occurring in between 10% and 35% of cases. In spite of this, it has not received its due attention in the academic literature, dominated by the prevailing narrative that 'growth is good for the poor'. This text challenges this view to arrive at a better understanding of when, why, and how growth fails the poor. Taking a diverse disciplinary perspective, it combines discussion of mechanisms of this troubling economic phenomenon with empirical data on trends in growth, poverty, and related welfare indicators.

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This edition previously issued in print: 2019.

Includes bibliographical references and index.

Immiserising growth occurs when growth fails to benefit, or harms, those at the bottom. It is not a new concept, appearing in some of the towering figures of the classical tradition of political economy including Malthus, Ricardo, and Marx. It is also not empirically insignificant, occurring in between 10% and 35% of cases. In spite of this, it has not received its due attention in the academic literature, dominated by the prevailing narrative that 'growth is good for the poor'. This text challenges this view to arrive at a better understanding of when, why, and how growth fails the poor. Taking a diverse disciplinary perspective, it combines discussion of mechanisms of this troubling economic phenomenon with empirical data on trends in growth, poverty, and related welfare indicators.

Specialized.

Description based on online resource; title from home page (viewed on February 8, 2019).

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