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Financial Capability and Asset DevelopmentResearch, Education, Policy, and Practice$
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Financial Capability and Asset Development: Research, Education, Policy, and Practice

Julie Birkenmaier, Jami Curley, and Margaret Sherraden

Print publication date: 2013

Print ISBN-13: 9780199755950

Published to Oxford Scholarship Online: May 2013

DOI: 10.1093/acprof:oso/9780199755950.001.0001

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Paradigms of Anti-poverty Policy

Paradigms of Anti-poverty Policy

Chapter:
(p.62) 3Paradigms of Anti-poverty Policy
Source:
Financial Capability and Asset Development
Author(s):

David Stoesz

Publisher:
Oxford University Press
DOI:10.1093/acprof:oso/9780199755950.003.0020

This chapter reviews the anti-poverty paradigms that evolved during the 20th century: the Welfare Entitlement Paradigm, the Tax Credit Paradigm, and the Asset Building Paradigm. Each is described with respect to philosophical base, policy components, and relationship with other anti-poverty paradigms. The implications of the burgeoning fringe economy and the Great Recession, and their relationship to the anti-poverty paradigms, are considered. The chapter concludes by proposing a Capability Paradigm that integrates previous anti-poverty efforts and maximizes the aspirations of citizens.

Keywords:   poverty, paradigm, welfare, tax credit, asset building, capability, credit union

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