Accounting for the Poor
Economists and other social scientists have long tried to understand the nature of poverty and how poor people make decisions. For example, T.W. Schultz, a Nobel Laureate, former professor of economics at the University of Chicago, and former president of the American Economic Association, spent his...
| Main Author: | |
|---|---|
| Other Authors: | |
| Format: | Article |
| Language: | en_US |
| Published: |
Oxford University Press
2015
|
| Online Access: | http://hdl.handle.net/1721.1/96165 https://orcid.org/0000-0002-1528-8102 |
| _version_ | 1811087077206392832 |
|---|---|
| author | Townsend, Robert |
| author2 | Massachusetts Institute of Technology. Department of Economics |
| author_facet | Massachusetts Institute of Technology. Department of Economics Townsend, Robert |
| author_sort | Townsend, Robert |
| collection | MIT |
| description | Economists and other social scientists have long tried to understand the nature of poverty and how poor people make decisions. For example, T.W. Schultz, a Nobel Laureate, former professor of economics at the University of Chicago, and former president of the American Economic Association, spent his career working in development and agricultural economics. In his 1980 Nobel Prize acceptance speech, Schultz suggests that there is some accounting for the behavior of the poor in agriculture. “Farmers, the world over, in dealing with costs, returns, and risks are calculating economic agents. Within their small, individual, allocative domain they are fine-tuning entrepreneurs, tuning so subtly that many experts fail to recognize how efficient they are” (Schultz 1980). |
| first_indexed | 2024-09-23T13:39:25Z |
| format | Article |
| id | mit-1721.1/96165 |
| institution | Massachusetts Institute of Technology |
| language | en_US |
| last_indexed | 2024-09-23T13:39:25Z |
| publishDate | 2015 |
| publisher | Oxford University Press |
| record_format | dspace |
| spelling | mit-1721.1/961652022-10-01T16:19:43Z Accounting for the Poor Townsend, Robert Massachusetts Institute of Technology. Department of Economics Townsend, Robert Economists and other social scientists have long tried to understand the nature of poverty and how poor people make decisions. For example, T.W. Schultz, a Nobel Laureate, former professor of economics at the University of Chicago, and former president of the American Economic Association, spent his career working in development and agricultural economics. In his 1980 Nobel Prize acceptance speech, Schultz suggests that there is some accounting for the behavior of the poor in agriculture. “Farmers, the world over, in dealing with costs, returns, and risks are calculating economic agents. Within their small, individual, allocative domain they are fine-tuning entrepreneurs, tuning so subtly that many experts fail to recognize how efficient they are” (Schultz 1980). Eunice Kennedy Shriver National Institute of Child Health and Human Development (U.S.) National Science Foundation (U.S.) Templeton Foundation Bill & Melinda Gates Foundation (Consortium on Financial Systems and Poverty) 2015-03-24T20:40:14Z 2015-03-24T20:40:14Z 2013-08 Article http://purl.org/eprint/type/ConferencePaper 0002-9092 1467-8276 http://hdl.handle.net/1721.1/96165 Townsend, Robert M. “Accounting for the Poor.” American Journal of Agricultural Economics 95, no. 5 (August 12, 2013): 1196–1208. https://orcid.org/0000-0002-1528-8102 en_US http://dx.doi.org/10.1093/ajae/aat022 American Journal of Agricultural Economics Creative Commons Attribution-Noncommercial-Share Alike http://creativecommons.org/licenses/by-nc-sa/4.0/ application/pdf Oxford University Press MIT web domain |
| spellingShingle | Townsend, Robert Accounting for the Poor |
| title | Accounting for the Poor |
| title_full | Accounting for the Poor |
| title_fullStr | Accounting for the Poor |
| title_full_unstemmed | Accounting for the Poor |
| title_short | Accounting for the Poor |
| title_sort | accounting for the poor |
| url | http://hdl.handle.net/1721.1/96165 https://orcid.org/0000-0002-1528-8102 |
| work_keys_str_mv | AT townsendrobert accountingforthepoor |