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A review of the economic theories of poverty

Miguel Sanchez-Martinez () and Philip Davis ()

No 435, National Institute of Economic and Social Research (NIESR) Discussion Papers from National Institute of Economic and Social Research

Abstract: This paper critically analyses the views of poverty adopted by different economic schools of thought which are relevant to the UK, as well as eclectic theories focused on social exclusion and social capital. We contend that each of the economic approaches has an important contribution to make to the understanding of poverty but that no theory is sufficient in itself; a selective synthesis is needed. Furthermore, economics by its nature omits important aspects of the nature and causes of poverty.

Date: 2014-04
New Economics Papers: this item is included in nep-his, nep-hme, nep-hpe and nep-pke
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