Bees, dented cars and the flaws of economics

sjs
March 30, 2008

Imagine getting a bee sting; then imagine getting six more. You are now in a position to think about what it means to be poor, according to Charles Karelis, a former president of Colgate University. Traditional economic assumptions miss the point of why some poor people act in ways that ensure continued poverty and lead to bad strategies in the fight against poverty. Read the story.


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