Andreas Bergh
Senior lecturer
Poverty and new welfare economics
Author
Summary, in English
What is New Welfare Economics (NWE), how does it explain poverty, and what can we learn from this school of thought when it comes to poverty relief? Answering these questions is the aim in this chapter. The chapter opens with a description of the development of NWE and its central tools and concepts, providing a non-technical explanation of the differences between ʼnew’ and ‘old’ welfare economics. In general, the chapter focuses less on technicalities and more on the development and applications of NWE. Having described the core of NWE, the framework is applied to the determination of individual income and various approaches to inequality and poverty are discussed. The chapter is concluded with some final remarks.
Department/s
- Department of Economics
- Centre for Economic Demography
Publishing year
2021-04-30
Language
English
Pages
145-157
Publication/Series
Poverty in Contemporary Economic Thought
Document type
Book chapter
Publisher
Routledge
Topic
- Economics
Status
Published
ISBN/ISSN/Other
- ISBN: 9781000368291
- ISBN: 9780367354268