Immiserizing growth : when growth fails the poor / Paul Shaffer, Ravi Kanbur, and Richard Sandbrook.

First edition.

9780191870965 (electronic book)

Oxford : Oxford University Press, 2019.

English

1 online resource : illustrations.

HD82

338.9

Immiserising growth occurs when growth fails to benefit, or harms, those at the bottom. It is not a new concept, appearing in some of the towering figures of the classical tradition of political economy including Malthus, Ricardo, and Marx. It is also not empirically insignificant, occurring in between 10% and 35% of cases. In spite of this, it has not received its due attention in the academic literature, dominated by the prevailing narrative that 'growth is good for the poor'. This text challenges this view to arrive at a better understanding of when, why, and how growth fails the poor. Taking a diverse disciplinary perspective, it combines discussion of mechanisms of this troubling economic phenomenon with empirical data on trends in growth, poverty, and related welfare indicators.

Immiserising growth occurs when growth fails to benefit, or harms, those at the bottom. It is not a new concept, appearing in some of the towering figures of the classical tradition of political economy including Malthus, Ricardo, and Marx. It is also not empirically insignificant, occurring in between 10% and 35% of cases. In spite of this, it has not received its due attention in the academic literature, dominated by the prevailing narrative that 'growth is good for the poor'. This text challenges this view to arrive at a better understanding of when, why, and how growth fails the poor. Taking a diverse disciplinary perspective, it combines discussion of mechanisms of this troubling economic phenomenon with empirical data on trends in growth, poverty, and related welfare indicators.

Includes bibliographical references and index.

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Description based on online resource; title from home page (viewed on February 8, 2019).

Oxford scholarship online.

Print version: 9780198832317