Poverty in the History of Economic Thought : From Mercantilism to Neoclassical Economics book cover
1st Edition

Poverty in the History of Economic Thought
From Mercantilism to Neoclassical Economics

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ISBN 9780367354237
December 28, 2020 Forthcoming by Routledge
208 Pages

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Book Description

Poverty in the History of Economic Thought: From Mercantilism to Neoclassical Economics aims to describe and critically examine how economic thought deals with poverty and the poor, including its causes, consequences, reduction, and abolition.

This edited volume traces the economic ideas of key writers and schools of thought across a significant period, ranging from Adam Smith and Malthus, through to Wicksell, Cassel, and Heckscher. The chapters relate poverty to income distribution, asserting the point that poverty is not always conceived of in absolute terms but that relative and social deprivation matters also. Furthermore, the contributors deal with both individual poverty and the poverty of nations in the context of international economy. In providing such a thorough exploration, this book shows that the approach to poverty differs from economist to economist depending on their particular interests and the main issues related to poverty in each epoch, as well as the influence of the intellectual climate that prevailed at the time when the contribution was made.

This key text is valuable reading for advanced students and researchers of the history of economic thought, economic development, and the economics of poverty.

Table of Contents

Introduction: Economic Thought and Poverty
Mats Lundahl, Daniel Rauhut and Neelambar Hatti

1. Were Good Times Really That Bad? Mercantilist Views on Poverty and Employment
Lars Magnusson

2. Adam Smith – a Champion for the Poor!
Daniel Rauhut

3. Malthus and the Poor
Martin Dribe

4. David Ricardo on Poverty
Christian Gehrke

5. Saving the Poor: John Stuart Mill on Poverty and the Poor
Daniel Rauhut

6. Marx and His Followers on Poverty
Johan Lönnroth

7. Alfred Marshall, Poverty and Economic Theory: A Historical Perspective
Carl-Axel Olsson

8. Knut Wicksell and the Causes of Poverty: Population Growth and Diminishing Returns
Mats Lundahl

9. Growth, Not Grants! Gustav Cassel on Poverty
Benny Carlson

10. Eli Heckscher on Poverty: Causes and Cures
Benny Carlson

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Mats Lundahl is Professor Emeritus of Development Economics at the Stockholm School of Economics, Sweden.

Daniel Rauhut is Associate Professor and holds a PhD in Economic History. He works as senior researcher at the University of Eastern Finland in Joensuu, Finland.

Neelambar Hatti is Professor Emeritus in the School of Economics and Management at Lund University, Sweden.