Understanding Poverty: Measurement & Evolution

This lecture explores the concept of poverty, discussing its definition, measurement, and evolution over time. It covers various approaches to defining poverty, including absolute and relative measures, as well as the importance of considering multidimensional aspects of poverty. The lecture also delves into the work of Amartya Sen on 'capabilities' and the impact of income-based measures on poverty assessment. Additionally, it analyzes the evolution of poverty rates globally and in Switzerland, highlighting the progress made in reducing extreme poverty. Various indicators and factors contributing to poverty are examined, shedding light on the complexities of addressing this societal issue.