Poverty Traps

Know about the book -

Poverty Traps is written by Samuel Bowles and published by Princeton University Press. It's available with International Standard Book Number or ISBN identification 0691125007 (ISBN 10) and 9780691125008 (ISBN 13).

Much popular belief, and public policy, rests on the idea that those born into poverty have it in their powers to escape. But the persistence of poverty and ever-growing economic inequality around the world has led to many economists to seriously question the model of individual economic self-determination when it comes to the poor. In this book, the contributors argue that there are many conditions that may trap individuals, groups, and whole economies in intractable poverty. For the first time the editors have brought together the perspectives of economies, economic history, and sociology to assess what we know, and don't know, about such traps.