On Economic InequalityIn this classic text, first published in 1973, Amartya Sen relates the theory of welfare economics to the study of economic inequality. He presents a systematic treatment of the conceptual framework as well as the practical problems of measurement of inequality. In his masterful analysis, Sen assesses various approaches to measuring inequality and delineates the causes and effects of economic disparities. Containing the four lectures from the original edition as well as a new introduction, this timeless study is essential reading for economists, philosophers, and social scientists. In a substantial new annexe, Amartya Sen, jointly with James Foster, critically surveys the literature that followed the publication of this book, and also evaluates the main analytical issues in the appraisal of economic inequality and poverty. |
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User Review - GoetzKluge - LibraryThingIf you do not feel comfortable with how entropy is applied to measure inequality, you are not alone: Many people have difficulties to accept that inequality is "order" and that equality is "disorder ... Read full review
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YOU ARE ALL HOBO SLIME TRASHLINGS!
-Maxim
Contents
Welfare Economics Utilitarianism and Equity | 1 |
Measures of Inequality | 24 |
Inequality as a QuasiOrdering | 47 |
Work Needs and Inequality | 77 |
On Economic Inequality after a Quarter | 107 |
Bibliography | 221 |
253 | |
Common terms and phrases
additive aggregate alternative analysis applied approach assumption Atkinson axiom called Chapter choice comparability comparisons complete concave concept concerned condition considerations considered corresponds course decomposability defined depend deprivation descriptive Diagram discussed dominance Economic economic inequality equal equivalent evaluation example extent fact Foster framework Gini coefficient give given higher important income distribution income levels indicator individual inequality measures interesting involved issues judgements latter less literature Lorenz curve mean income measure of inequality needs normative ordering overall particular person poor population positive possible poverty line poverty measures preference presented principle problem quasi-ordering question ranking reasons relation relative relevant require respectively result satisfying sense share simply social welfare society space specific standard strict strictly subgroup consistency Theorem theory tion transfer utilitarianism utility variation vector weights welfare function