A New Perspective on Historical Theories of Poverty

Abstract

The current study aims to examine poverty theories in light of new perspectives and approaches. The methodology used for this research, that is solely qualitative, is based on the literature. The study explores a variety of theories on poverty, including classical, neoclassical, Keynesian, Marxist/radical, monetary, cultural, ecological, economic, political and the theory of social exclusion and social capital. Some policy measures are suggested to overcome poverty such as economic growth must benefit all citizens through progressive tax systems, education, health, and work opportunities, improving infrastructure and local industries competitiveness, increased transparency, stricter enforcement, and strengthening of institutions to prevent corruption, encourage political participation through voter education, parties, and debate, encourage trade, investment, renewable energy sources, and self-help strategies to reduce poverty.