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A test of the science of what is possible by the poor

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Chapter 5 in The Entrepreneurial Solution to Poverty and the Science of What is Possible, 2022, pp 83-105 from Edward Elgar Publishing

Abstract: This chapter reports on a test of entrepreneurial discovery by the poor, which is really a test of what is possible, based on the same principles of informational economics, which have been elucidated in the previous chapters. Specifically, it demonstrates how the poor can be trained to use specific information to find discoveries at a rate that is twenty-five times more effective than the extant prescription to stay alert. Also, this chapter operationalizes training protocols for employing constrained, systematic search. It concludes by discussing the special entanglements of the poor that hold them back as they try to escape poverty. Finally, the lack of trust of those from outside the local community necessitated the building of bridges to study participants. In fact, bridge-building becomes an integral part of public policy that can be most effectively employed by cultivating relationships with the local community.

Keywords: Business and Management; Development Studies; Economics and Finance; Politics and Public Policy Sustainable Development Goals (search for similar items in EconPapers)
Date: 2022
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