Poverty in Contemporary Thought aims to describe and critically examine how economic thought deals with poverty, including its causes, consequences, reduction, and abolition.

Introduction: poverty in contemporary economic thought; 1 Hayek, welfarism, and the deserving poor; 2 Economist and statesman: Keynes on poverty; 3 Poverty and circular, cumulative causation: the views of Gunnar Myrdal; 4 Veblen, North, and the institutional economics on poverty; 5 Sir Arthur Lewis on economic growth and global poverty alleviation; 6 The economics of being poor: the gospel according to Theodore W. Schultz; 7 Why poor countries remain poor: the Latin American dependency school; 8 Poverty and New Welfare Economics; 9 Capability deprivation and poverty: Amartya Sen revisited; 10 Angus Deaton on poverty; 11 Alleviating global poverty: a note on the experimental approach

Mats Lundahl is Professor Emeritus of Development Economics at the Stockholm School of Economics, Sweden.

Daniel Rauhut is Associate Professor and holds a PhD in Economic History. He works as senior researcher at the University of Eastern Finland in Joensuu, Finland.

Neelambar Hatti is Professor Emeritus of Economic History at the School of Economics and Management at Lund University, Sweden.