By Laura Lee
The industrial downturn has compelled approximately each person right into a lifetime of restricted skill, yet writer Laura Lee was once broke earlier than it was once cool. She won’t inform someone to clip coupons or forego their morning latte—in truth, she won’t provide any suggestions on easy methods to be stored from a gloomy monetary future. in its place she presents readers with a mental how-to filled with enjoyable tidbits. Broke is Beautiful is an insightful compendium of heritage, suggestion, proof, and humor that every one have a good time the inability of cash as a gateway to extra serenity, self-awareness, and sure, even security.
In the culture of Alain de Botton’s How Proust Can switch Your Life and Eric Wilson’s Against Happiness: In compliment of Melancholy, this is an unconventional tackle a subject matter that's proper to us all. it truly is quirky convenience for the (literally) negative soul: delivering old and geographic viewpoint, ponderings on consumerism and credits rankings, or even recipes for ramen noodles.
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Additional info for Broke Is Beautiful: Living and Loving the Cash-Strapped Life
Second, the GIDD results are based on changes in labor incomes only rather than on changes in incomes from all factors of production. In particular, by not including the effect on nonlabor (especially land) incomes, the study presented in chapter 3 understates the poverty-reducing impacts of trade reform on farm households, thereby contributing to its finding that extreme poverty among farm households would increase. Third, the assumption of full labor mobility implies that unskilled farm workers share in the gains from increased agricultural prices, along with their nonfarm counterparts, because less labor is required to migrate to nonfarm jobs.
Account also needs to be taken of three other facts. First, the dependence of the extreme poor on agriculture for their livelihoods has been declining in numerous countries as alternative opportunities have emerged outside agriculture, especially in off-farm, part-time employment. Second, the lowering of trade barriers has improved the opportunities for farmers to specialize in cash crops for export, increasing their potential benefits from any improvements in market access abroad for these crops or related products.
Technologies are also assumed to be unchanged by reform; so, no account is taken of any dynamic gains arising from the opening of trade and the prospective impacts on poverty and inequality generated by more rapid productivity growth. Synopsis of Empirical Findings: Global Model Results This section summarizes the results of the three global models (denoted Linkage, GIDD, and GTAP). The subsequent section then brings together the results from the 10 more-detailed national case studies. Finally, we draw together the lessons learned from both sets of analyses.
Broke Is Beautiful: Living and Loving the Cash-Strapped Life by Laura Lee