“Analyzing Multidimensional Well-Being” by Satya Chakravarty provides a comprehensive review of a burgeoning new area of welfare economics and elaborates further on the way key unidimensional welfare concepts can be extended to the multidimensional case. An indispensable reference for all researchers interested in the measurement of social welfare and who feel the monetary focus is unduly restrictive.
François Bourguignon, Emeritus Professor at Paris School of Economics, Former Chief Economist of the World Bank.
It has become the norm in the profession to define and measure well-being as a multidimensional concept instead of relying on income only. In his monograph, Satya Chakravarty provides us with a detailed, insightful, and pedagogical presentation of the theoretical grounds of multidimensional well-being, inequality, and poverty measurement. Any student, researcher, and practitioner interested in the multidimensional approach should begin their journey into such a fascinating theme with this wonderful book.
François Maniquet, Professor, Catholic University of Louvain, Belgium.
This book starts from the premise that income cannot be the only indicator on which the measurement of well-being should be based. Other dimensions of well-being need to be taken into account, such as health, education, and housing. The implication of such a “Weltanschauung” is that well-being is a multidimensional phenomenon. But how should we then measure it? Satya Chakravarty, ...