Poverty
Bibliographic Data
| ID | 23759166 |
|---|---|
| Authors | Lakshman Yapa (Pennsylvania State University, corresponding author) |
| Year | 2017 |
| Pages | 1-9 |
| Publication date | 2017-03-06 |
| Peer Reviewed | Yes |
| Open Access | Yes |
| Type | CHAPTER |
| Venue | International Encyclopedia of Geography (SOURCE_BOOK) |
| Publisher | Wiley (PUBLISHER • GB) |
| DOI | 10.1002/9781118786352.wbieg0778 |
| OpenAlex | W4247620500 |
| ISBN | 9781118786352 |
| Language | EN |
| References cited | 5 |
Poverty can be viewed within two frameworks: through exchange‐value and through use‐value. In the exchange‐value framework, poverty means not having enough money to buy a family's basic needs in food, health, housing, energy, transport, and education, a view held by the general public, the academy, and institutions such as the World Bank and the US Census. The solution, then, is to find ways to increase family income through employment in the formal economy. It is possible that this very view of poverty as a lack of money or exchange‐value is responsible for poverty's stubborn persistence. The other approach to poverty is a solution through the use‐value framework: instead of asking why poor people do not have more money, this approach asks why the poor don't have access to basic goods and services. This is an important distinction, as the two views lead to very different outcomes – in discourse, policy options, agency, and the likelihood of ultimate success.
Agency (philosophy) · Basic needs · Classical economics · Culture of poverty · Development economics · Economic growth · Economics · Economy · Exchange value · Goods and services · Microeconomics · Poverty · Public economics · Public good · Social science · Sociology · Value (mathematics) · Economic Theory and Policy · Housing, Finance, and Neoliberalism · Income, Poverty, and Inequality
| Citation velocity | historical |
|---|---|
| Highly cited | No |