Rabu, 03 September 2014

# Ebook Download The Persistence of Poverty: Why the Economics of the Well-Off Can't Help the Poor, by Charles H. Karelis

Ebook Download The Persistence of Poverty: Why the Economics of the Well-Off Can't Help the Poor, by Charles H. Karelis

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The Persistence of Poverty: Why the Economics of the Well-Off Can't Help the Poor, by Charles H. Karelis

The Persistence of Poverty: Why the Economics of the Well-Off Can't Help the Poor, by Charles H. Karelis



The Persistence of Poverty: Why the Economics of the Well-Off Can't Help the Poor, by Charles H. Karelis

Ebook Download The Persistence of Poverty: Why the Economics of the Well-Off Can't Help the Poor, by Charles H. Karelis

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The Persistence of Poverty: Why the Economics of the Well-Off Can't Help the Poor, by Charles H. Karelis

In this important book, one of our boldest and most original thinkers charges that conventional explanations of poverty are mistaken, and that the anti-poverty policies built upon them are doomed to fail. Using science, history, fables, philosophical analysis, and common observation, Charles Karelis engages us and takes us to a deeper grasp of the link between consumption and satisfaction—and from there to a new and persuasive explanation of what keeps poor people poor. Above all, he shows how this fresh perspective can reinspire the long-stalled campaign against poverty.

  • Sales Rank: #2380477 in Books
  • Published on: 2007-06-26
  • Original language: English
  • Number of items: 1
  • Dimensions: .68" h x 5.82" w x 8.43" l, .77 pounds
  • Binding: Hardcover
  • 208 pages

From Publishers Weekly
Starred Review. This slim volume presents a radical analysis of poverty that turns conventional understandings of the subject upside-down. Karelis, a philosophy professor at The George Washington University and former president of Colgate, begins with a brief overview of the received wisdom on and conventional arguments regarding poverty, which he argues have been shaped in large part by middle- and upper-class sensibilities of thrift, discipline and long-term thinking; as a result, public policy initiatives have proven largely ineffective. With rigor and passion, Karelis offers a radical reconsideration of the problem, resting on twin premises: the importance of distinguishing between enjoyment and relief (e.g., eating ice cream vs. taking aspirin for a headache), and acknowledging that these motivators/rewards have a different effect on the poor than they do the well-off. Karelis argues that while the middle and upper classes seek an even distribution of "pleasers" to increase "positive satisfaction" over the long-run, those acting from a position of insufficiency work for "relievers... goods that reduce pain, unhappiness, or misery" in the moment. As such, what is rational or efficient behavior for the poor is not so for the well-off, and vice-versa. Though rich with insight on a subject with broad appeal, Karelis's treatise is not an easy read, particularly for those unfamiliar with economic theory; readers unafraid of technical forays into the Law of Diminishing Marginal Utility and the Epicurean Fallacy will find this important work quite rewarding.
Copyright © Reed Business Information, a division of Reed Elsevier Inc. All rights reserved.

Review
“I am very enthusiastic about Charles Karelis's book. It is powerful and important. After a number of years as a senior official dealing with social policy in Washington, this thoughtful philosopher argues impressively for a fundamental shift in perspective in economics. He then goes on to trace the consequences for dealing with poverty clearly. The work merits serious attention from economists, who may well resist at first, but who I suspect will in time be persuaded and excited.”—Gordon C. Winston, Orrin Sage Professor of Political Economy, Williams College 
(Gordon C. Winston)

“This book is astonishingly lively. It ranges from the facts of life among the American underclass to deep philosophical puzzles about what does and does not count as 'rational' behavior, and will make economists, philosophers, and ordinary engaged citizens rethink just about everything they took for granted about the causes and cures of poverty.”—Alan Ryan, Professor of Politics, Oxford University 
 
(Alan Ryan)

"The Persistence of Poverty is an original and enlightening book with a startling thesis. Written with verve and inviting clarity, it will be of interest to philosophers, economists, and public policy planners alike. Its theoretical arguments and practical proposals are sure to be the subject of debate for years to come."—Anthony Kronman, Sterling Professor of Law, Yale Law School
(Anthony Kronman)

About the Author
Charles Karelis is Research Professor of Philosophy at The George Washington University. Formerly professor of philosophy at Williams College, director of the Fund for the Improvement of Postsecondary Education, and president of Colgate University, he lives in Washington, D.C.

Most helpful customer reviews

8 of 11 people found the following review helpful.
One single idea, not well supported
By Carl
Karelis has exactly one idea to contribute in this book---the idea that perhaps marginal utility increases rather than decreases with income down at the low end of the income vs utility curve. This may be true, but could have been presented in 20 pages just as easily. Frustratingly little quantitative data is presented to support this argument, which instead relies mostly on introspection (aka anecdotes). While Karelis presents an interesting idea, he fails to support it adequately, then perversely creates a strawman argument that blames Epicurus of all people for misleading economists on the shape of the marginal utility function. This strawman is based on a complete misunderstanding of what Epicurus actually taught, and borders on slander. The basic idea of this book is important and should be followed up with actual research, but this book offers no more insight than you'd hear in a short comment at a conference.

1 of 1 people found the following review helpful.
Smart, Important Book
By Frank
This is an incredibly smart, rigorous book. Behavioral economists like Sendhil Mullainathan have now empirically demonstated Karelis's theoretical point: that simplistic models of utility maximization completely misconceive the psychology of satisfaction prevailing among different groups. The book is beautifully written, too--a real model of what contemporary social theory can be.

0 of 0 people found the following review helpful.
Four Stars
By Phillip L. Smith
what I expected

See all 6 customer reviews...

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