Abstract
Poverty has been defined by several authors and international organizations from similar perspectives. However, those definitions tend to be simplistic and not powerful enough to deal with complex situations that involve different points of view on the poverty phenomenon. The aim of this paper is to use a praxeological standpoint and introduce a new definition, multipoverty, while using it to analyze the current crisis in Venezuela. Three main conclusions are drawn: in current Venezuela, all common people are very likely to be poor, and a social explosion there is possible; the nature of the human being is too complex to be analyzed under a simplistic approach based on the rigidness of pure quantitative methods; the multipoverty approach adds a humanistic, praxeological, and individualistic edge, based upon ideas of freedom of action, to the traditional definitions of poverty and helps to better understand the phenomena.
Highlights
Poverty is a broad term that has been defined in many ways
This work is divided into five parts: this introduction; an explanation of the theoretical foundations of the multipoverty concept under a praxeological point of view; a brief historical analysis to present the Venezuelan context in which poverty triggers have unfolded; a main discussion based on the current situation of Venezuela; and conclusions
The absolute or extreme poverty is defined by the United Nations (1995a) as "a condition characterized by severe deprivation of basic human needs, including food, safe drinking water, 5 MISES: Interdiscip
Summary
Some of the most common definitions are based on the economic approach, measured through income, satisfaction of basic economic wants and needs, or different kinds of combinations of those variables. The current measurements tend to be simplistic and not powerful enough to deal with complex situations that involve different dimensions of the phenomenon. The investigation starts from a libertarian point of view to analyze and support the idea that all common people in Venezuela are very likely to be poor. This work is divided into five parts: this introduction; an explanation of the theoretical foundations of the multipoverty concept under a praxeological point of view; a brief historical analysis to present the Venezuelan context in which poverty triggers have unfolded; a main discussion based on the current situation of Venezuela; and conclusions
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