absolute poverty on physical and mental health. This isn’t an insight that fits easily into economic models, nor does it need to. The key question is how to make sure that information is incorporated into decision-making alongside economic analysis.
There’s an old saying that there are two kinds of scientists: those trying to understand the world and those trying to change it. The nature of economicsplaces it solidly in the second category, but economists don’t always seem to recognize the implications. Treating distributional issues as segregable is politically naive