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The sting of poverty

·87 words·1 min
Articles economics philosophy poverty psychology

This is an interesting article covering an theory advanced by Charles Karelis that traditional economic theories don’t apply to the experience of the poor. The idea being that when living in poverty, "we see the world around us not in terms of goods to be consumed but as problems to be alleviated."

It’s an interesting read, and while the article admits that Karelis’ evidence is a little vague, it seems to me that his arguement rings true. Definitely worth your time to look over and think about.