Multipoverty in Venezuela

A Libertarian Approach

  • Rafael Alexis Acevedo Texas Tech University
  • Luis H Cirocco Econintech.org
  • Fernando Antonio Monteiro Christoph D'Andrea Universidade Federal do Rio Grande do Sul
Keywords: Multipoverty, poverty, Venezuela, Libertarian approach, economic freedom

Abstract

Poverty has been defined by several authors and international organizations from similar perspectives. However, those definitions tend to be simplistic and not powerful enough to deal with complex situations that involve different points of view on the poverty phenomenon. The aim of this paper is to use a praxeological standpoint and introduce a new definition, multipoverty, while using it to analyze the current crisis in Venezuela. Three main conclusions are drawn: in current Venezuela, all common people are very likely to be poor, and a social explosion there is possible; the nature of the human being is too complex to be analyzed under a simplistic approach based on the rigidness of pure quantitative methods; the multipoverty approach adds a humanistic, praxeological, and individualistic edge, based upon ideas of freedom of action, to the traditional definitions of poverty and helps to better understand the phenomena.

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Author Biographies

Rafael Alexis Acevedo, Texas Tech University

Research Associate at Free Market Institute in Texas Tech University. Aggregate Professor & Researcher at Universidad Centroccidental Lisandro Alvarado. Founder-Director of Econintech.org

Luis H Cirocco, Econintech.org

Founder Director of Econintech.org; Manager and Engineer with more than 20 years in the Telecom Sector and Instructor at Universidad Centroccidental Lisandro Alvarado.

Fernando Antonio Monteiro Christoph D'Andrea, Universidade Federal do Rio Grande do Sul

PhD Candidate in Management / Marketing, Federal University of Rio Grande do Sul, Brazil

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Published
2018-10-18
How to Cite
Acevedo, R., Cirocco, L., & D’Andrea, F. (2018). Multipoverty in Venezuela. MISES: Interdisciplinary Journal of Philosophy, Law and Economics. https://doi.org/10.30800/mises.2018.v0.949
Section
Special Issue 2018