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The Economics of Human Rights Using the Living Income/Fair Price Approach to Combat Poverty
Author
Title
The Economics of Human Rights [electronic resource] : Using the Living Income/Fair Price Approach to Combat Poverty / by Ruud Bronkhorst.
ISBN
9783030591663
Edition
1st ed. 2020.
Publication
Cham : Springer International Publishing : Imprint: Palgrave Macmillan, 2020.
Physical Description
1 online resource (XXV, 186 p.) 22 illus.
Local Notes
Access is available to the Yale community.
Access and use
Access restricted by licensing agreement.
Summary
This book provides new insights into combining economic theory and ethics, and how to formulate policies to combat the roots of poverty. Since a large part of the world's working population is underpaid, and does not have enough income to feed themselves and their families, there is a need for an alternative approach to producer prices than the usual neo-classical approach with its emphasis on market and equilibrium prices. This book is an introduction to the Living Income / Fair Price approach, a price theory based on ethics and Universal Human Rights. The book explains why there is a need for a paradigm change in our thinking about prices by explaining why the usual market prices rarely are equilibrium prices. Besides market disturbing elements like monopolies and oligopolies, the needs of the poorest parts of the population are not taken into consideration because they are not reflected in the effective demand. This means that the way our producers are paid needs a drastic overhaul, especially in a critical area like food production. An important part of the book is devoted to the need to pay, and the possibilities for paying, a decent price to smallholder farmers. The underpayment of small food producers means they have no possibility to invest and are not able to prepare for the future. This is even more pressing now that climate change demands that every farmer must adjust to changing circumstances and adapt new production methods. Although primarily meant for economists, the book meant also to stimulate discussion amongst those involved in agricultural policies, both in developing and developed countries.
Variant and related titles
Springer ENIN.
Other formats
Printed edition:
Printed edition:
Format
Books / Online
Language
English
Added to Catalog
January 21, 2021
Contents
1.What is 'Fair': different opinions
2.Ethics: Human rights and basic needs
3.Concepts derived from the Human Rights: Living Wage and Living Income
4.Fair Wages, what does it mean?
5.Are market and equilibrium prices ethical?
6 Living Wage, Living Income and Fair Price further explained
7 Poverty lines; how to use them for poverty alleviation
8 How a different way of calculating in the production chain can lead to a more equal share for all stakeholders
9 How to calculate Fair Wages
10.Effects payment of fair wages and fair prices on socio-economic development
11.Conclusion economic and social effects
12.Broader context
13.Introduction
14.About necessity and possibilities to pay fair prices to small farmers
15.Fair price for agricultural products
16.Steps to be taken to calculate fair prices
17.Case studies
18.Summary case studies
19.Export products
20.The role of Governments and International organizations
21.Socio-economic effects in Agriculture of the payment of living wages, living income and fair prices
22.Fair Prices and other development issues
23.Alternative approaches
24.Summary Effects payment of fair prices in Agriculture
25.Concluding remarks.
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