Home
/
RELIGION & LIBERTY ONLINE
/
Samuelson on ‘The Global Poverty Trap’
Samuelson on ‘The Global Poverty Trap’
Jan 4, 2026 8:59 AM

Washington Post columnist Robert J. Samuelson discusses a new book on economic history that looks at the poverty problem from the perspective of “nature vs. nurture.”

Comes now Gregory Clark, an economist who interestingly takes the side of culture. In an important new book, ” A Farewell to Alms: A Brief Economic History of the World,” Clark suggests that much of the world’s remaining poverty is semi-permanent. Modern technology and management are widely available, but many societies can’t take advantage because their values and social organization are antagonistic. Prescribing economically sensible policies (open markets, secure property rights, sound money) can’t e this bedrock resistance.

“There is no simple economic medicine that will guarantee growth, and plicated economic surgery offers no clear prospect of relief for societies afflicted with poverty,” he writes. Various forms of foreign assistance “may disappear into the pockets of Western consultants and the corrupt rulers of these societies.” Because some societies encourage growth and some don’t, the gap between the richest nations and the poorest is actually greater today (50 to 1) than in 1800 (4 to 1), Clark estimates.

Samuelson notes that “Clark’s theory is controversial and, at best, needs to be qualified.” In his column, The Global Poverty Trap, Samuelson summarizes Clark’s view: “Capitalism in its many variants has been shown, he notes, to be a prodigious generator of wealth. But it will not spring forth magically from a few big industrial projects or cookie-cutter policies imposed by outside experts. It’s culture that nourishes productive policies and behavior.”

Comments
Welcome to mreligion comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
RELIGION & LIBERTY ONLINE
2013 AU Registration Opens Thursday Nov. 15
Registration for 2013 Acton University, scheduled for June 18-21 at the DeVos Place Convention Center in Grand Rapids, Mich., will open Thursday November 15. Stay tuned to Acton’s homepage and the AU website for further news and announcements. If you haven’t had the chance to attend in the past, make this the year you do! ...
Free Market Morality
In this entertaining video Walter Williams, Professor of Economics at George Mason University, explains whythe free market is morally superior to other economic systems. My favorite es near the beginning when Williams explains that money is a form of “certificate of performance” that serves as proof of having served our neighbors. ...
Is The Post Office Trying to Send Us a Message About Freedom?
“Forever stamps” are a form of non-denominated postage first introduced in 2006. The U.S. Postal Service recently issued a “Four Flags” version which “continues [the U.S. Postal Service’s] tradition of honoring the Stars and Stripes.” But there seems something peculiar—even a bit ominous—about the new stamps. Is the USPS trying to send us a message that freedom and liberty in America won’t last forever? Well, probably not. Turns out that when images of postage stamps are printed, a line is...
Post-election Prognosis: Keep Calm and Listen to Tocqueville
Peter Lawler,Dana Professor of Government at Berry College, has written a piece at Ethika Politika urging those upset by last week’s election results to be calm and take a deep breath. First, Lawler says we have to understand that there are small political parties and great ones. Great parties are parties of high principle. Their dominance on the political stage has the advantage of bringing great men into political life. They have the disadvantage of rousing up animosity that readily...
Going ‘Forward’ or ‘Backward’? Interview with Prof. Nicola Iannello about U.S. Elections
I recently talked to one of Italy’s leading classical liberal scholars,Prof. Nicola Iannello, regarding the e of this week’s U.S. presidential elections. Prof. Iannello, a devotee of classical liberalism and Alexis de Tocqueville, is an Italian journalist, international lecturer with Istituto Bruno Leoni, and chair of the Einaudi Foundation’s Austrian School of Economics course for Roman university students. Prof. Iannello has published several widely read academic articles on Friedrich Hayek, Murray Rothbard, Ludwig von Mises, and FrédéricBastiat, among other pro-liberty...
At the Bleeding Edge of Marketplace Ministry
In the November issue of Christianity Today, Dr. Amy Sherman, senior fellow at the Sagamore Institute has published an article entitled “The Cutting Edge of Marketplace Ministries.” In this article Sherman describes “holistic ministry” being done by a variety of businesses. Businesses are able to plish this kind of ministry in part when “pastors and faithful Christians grasp their role in God’s economy of all things,” as Stephen Grabill, director of programs and international at Acton Institute describes the work...
Envy Won’t Save the GOP—or America
After every electoral defeat—whether suffered by Republicans or Democrats—a period of hand-wringing and soul-searching inevitably develops in the days and weeks after the election. Journalists and politicians take to print to explain “What went wrong” and “Here’s what should be done differently.” Although the solutions are almost always what the pundits were saying before the election, the exercise in self-reflection is, on the whole, a much needed corrective. But too often the advice tends to be of the always terrible,...
PovertyCure DVD Series Now Available
PovertyCure’s six-episode DVD series on human flourishing is now available for purchase. This high-energy, 152-minute documentary-style series challenges conventional thinking, reframing the poverty debate around the creative capacity of the human person. Listen to the voices of entrepreneurs, economists, political and religious leaders, missionaries, NGO workers, and everyday people as host Michael Matheson Miller travels around the world to discover the foundations that allow human beings, families, munities to thrive. ...
Samuel Gregg: Are We All Europeans Now?
Writing on The Corner over at National Review Online, Acton Research Director Samuel Gregg points to the election and, refreshingly, tells us that, “I’m not one of those who, in recent days, have seemed inclined to indulge their inner curmudgeon, apparently convinced that it’s more or less game-over for America and we’re doomed to Euro-serfdom.” Gregg, author of the soon-to-be-released and available for pre-order ing Europe: Economic Decline, Culture, and How America Can Avoid a European Future (Encounter Books, January...
Dorothy Day and the US Bishops’ Conference 2012
I will not indulge in any sort of “what would Dorothy Day do” when es to thinking about the current US Catholic Bishops’ Conference taking place in Baltimore. However, it is interesting to ponder this woman who exemplifies so much of 20th century Catholicism and the bishops’ agenda, especially as the bishops discuss cause for her canonization, while on the same day failing to pass a pastoral message on economics. Their last pastoral letter on economics was in 1986, “Economic...
Related Classification
Copyright 2023-2026 - www.mreligion.com All Rights Reserved