Learning Objectives

After studying this chapter, you will be able to do the following:

  1. Define different conceptions of economic well-being.
  2. Discuss the persistence of poverty, its causes and consequences, the question of economic inequality, and the costs and benefits of the struggle for economic well being.
  3. Define and discuss some of the alternative approaches to economic well-being.
  4. Explain the role of the international community in matters of economic wellbeing.