Models of Man: poverty and extreme poverty

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Article #2676

#2676

From: Fabrizio J Bonsignore
Date: Thu, 07 Apr 2005 12:16

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Paupers don't maximize: they just try to stay afloat. Utility in their
case is a constant, and its value depends on circumstances they cannot
control. Essentially there is no preference hierarchy, they take what
they can, cannot choose, and only satisfy basic needs, so there is no
choice...

Fabrizio J Bonsignore, now Danilo J Bonsignore

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From: "Fabrizio J Bonsignore" <fbonsignore@beethoven.com>
Newsgroups: sci.econ,ny.general,dc.general,seattle.general,la.general
Subject: Models of Man: poverty and extreme poverty
Date: 7 Apr 2005 05:16:44 -0700
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