That said, a person with a degree in economics probably would do better in avoiding poverty than someone who dropped out of high school.
Also, it is worth considering one of the crowning findings of economics over the past 200 years -- how wealth is created in free markets under capitalism. This in fact has been responsible for raising the standard of living of all of us, rich and poor. In fact, even in the past 20 years over 1 billion people worldwide have been lifted out of extreme poverty due to capitalism.
Read other related questions on Quora:
- Why doesn't trickle-down economics work?
- Why doesn't Indian government care about its poor people?
- How do I help poor people (in India) as a student, provided the cash scheme doesn't work well?
from Quora http://ift.tt/2fku1aP
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