Poverty and Austerity amid Prosperity puts a sharp focus on rising levels of poverty and homelessness in Canada, the United Kingdom, and the United States. Highlighting the important differences between these countries, Gregg M. Olsen examines how poverty and homelessness have been conceptualized, defined, measured, and addressed in each country. Olsen critically contrasts the two main theoretical traditions – individual and societal – that have emerged to explain poverty and homelessness. Ultimately, he argues that societal approaches to the study of poverty are better equipped to explain the developments unfolding across these nations and that the eradication of poverty will only happen when the socioeconomic system has been seriously overhauled and founded upon economic democracy.