Mark Rank on Poverty and Poorly Understood

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4.7 • 4.3K Ratings

🗓️ 19 April 2021

⏱️ 69 minutes

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Summary

Sociologist and author Mark Rank talks about his book, Poorly Understood, with EconTalk host Russ Roberts. Rank looks at a wide variety of aspects of poverty. He argues that many widely-held views on poverty are inaccurate, and in particular he argues that most Americans will be poor at some point in their lives. This is a wide-ranging and lively conversation on the nature of poverty and the challenge of ending or reducing it.

Transcript

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0:00.0	Welcome to Econ Talk, Conversations for the Curious, part of the Library of Economics
0:07.0	and Liberty.
0:08.0	I'm your host, Russ Roberts of Shalem College in Jerusalem and Stanford University's Hoover
0:13.0	Institution.
0:14.0	Go to econtalk.org where you could subscribe, comment on this episode and find links and
0:18.6	other information related to today's conversation.
0:21.4	You'll also find our archives, with every episode we've done going back to 2006.
0:26.8	Our email address is mail at econtalk.org.
0:30.2	We'd love to hear from you.
0:38.0	Today is March 19, 2021.
0:39.8	And my guest is sociologist and author Mark Rank of Washington University in St. Louis.
0:45.3	He is the author of Poorly Understood, What America Gets Wrong About Poverty, co-authored
0:51.3	with Lawrence Eppard and Heather Bullock.
0:53.5	And that book is our topic for today. Mark, welcome to econtalk.
0:57.8	Oh, thanks, Russ.
0:58.8	It's great to be with you.
1:00.1	So let's talk about poverty to start within the general sense.
1:02.7	And we'll get to the details of the book, which is quite interesting.
1:07.5	But I want to start with a question of what is poverty?
1:10.9	Obviously, it has a subjective and can have an objective measure.
1:15.5	So talk about what the objective measures are that you use in the book.
1:19.9	And then if you want to talk about some of the other senses of the word, that's fine too.
	...

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