Discuss what is the concept of poverty theory in western economics?

The study, governance, development and escape from poverty, which has been the same historical mission of mankind ****. In the sense of economics, the history of human social development is a history of anti-poverty. Poverty is the eternal theme of economics research.

This is as Theodore W. Schultz said, the Nobel Prize winner, the American economist Schultz once said a sentence, "Most people in the world are poor, so if we know the economics of the poor, we also know many of the really important principles of economics." And I sincerely hope that economists don't forget to give a place to poverty when constructing their theoretical edifices.

But the history of poverty as a specific socio-economic phenomenon for people to pay attention to and be included in the field of theoretical research is not long. It is only after the industrial revolution that the problem of poverty began to be taken seriously by society and became one of the basic topics of economics. And really pay extensive attention to this and theoretical discussion is from the 1950s and 1960s.