THE ECONOMIC MEANING OF THE CONCEPT OF POVERTY AND ITS THEORETICAL FOUNDATIONS
Article Sidebar
Main Article Content
Abstract
This article delves into the multifaceted concept of poverty, examining its economic significance and the theoretical frameworks that underpin its understanding. By exploring various definitions and measurements of poverty, we highlight how economic theories, including classical, neoclassical, and Marxian perspectives, inform policy approaches and interventions. The analysis also addresses the limitations of purely monetary measures, advocating for a broader view that encompasses multidimensional poverty indicators such as health, education, and living standards. Furthermore, we discuss the implications of poverty on economic growth and social stability, suggesting that a comprehensive understanding of its economic meaning is crucial for developing effective poverty alleviation strategies.
Downloads
Article Details
Section
This work is licensed under a Creative Commons Attribution 4.0 International License.
Authors retain the copyright of their manuscripts, and all Open Access articles are disseminated under the terms of the Creative Commons Attribution License 4.0 (CC-BY), which licenses unrestricted use, distribution, and reproduction in any medium, provided that the original work is appropriately cited. The use of general descriptive names, trade names, trademarks, and so forth in this publication, even if not specifically identified, does not imply that these names are not protected by the relevant laws and regulations.
How to Cite
References
1. Shahbaz, M., Shamim, S. A., & Aamir, N. (2010). Macroeconomic environment and financial sector's performance: econometric evidence from three traditional approaches. The IUP Journal of Financial Economics, 1, 103-123
2. You, Amartya. 2000. Development as Freedom. New York: Alfred A. Knopf. 88-89
3. https://nplus1.ru/material/2019/10/14/nobeleconomic
4. Deaton A. The Great Escape: Zdorove, fortune i istoki neravenstva. - M.: Izd-vo Institute Gaydara; Fund "Liberalnaya Mission", 2016. - S. 368
5. Esping — Andersen, Gjost. Tri mira blagosostoyania kapitalisma. — Princeton, New Jersey: Ripseyup Oshuegziu Rgezz. ISVN 9780069028573.
6. Jeffrey Sachs. Konets bednosti: ekonomicheskie vozmojnosti — nashego vremeni. — M.: izdatelstvo Instituta Gaydara, 2011. — 424 p. (eng. The End of Poverty: Economic Possibilities for Our Time 2005).
7. Smith, A. (1776), "An inquiry into the nature and causes of the wealth of nations", London: Methuen & Co., Ltd.
8. Nielsen, F. (1994). Income inequality and industrial development: Dualism revisited. American Sociological Review, 654-677
9. United Nations. Department of Economic and Social Affairs. Sustainable Development
10. Address of the President of the Republic of Uzbekistan to the Oliy Majlis (January 24, 2020).
11. We should give our people a fishing rod, not a fish - President: https://kun.uz/news.