Paradigms of Anti-poverty Policy
Paradigms of Anti-poverty Policy
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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