Esther Duflo: Hope, Aspirations and the Design of the Fight Against Poverty (The Poverty Trap)

Esther Duflo spoke at Stanford's Center for Ethics in Society in October 2013. https://ethicsinsociety.stanford.edu/...

The concept of the poverty trap has played a central role in the economics of poverty and development. Limited resources coupled with a low rate of return from investing (in food, in education, in a business) prevent the poor from being able to invest enough to improve their lot. Above a certain threshold, however, investment is productive, allowing those sufficiently rich at the outset to increase their income.

The McCoy Family Center for Ethics in Society is committed to bringing ethical reflection to bear on important social problems through research, teaching, and engagement. Visit the Center's website for more information: http://ethicsinsociety.stanford.edu

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