Since often an income distribution of a society fails to include heterogeneity in the distributions of one or more other dimensions of well-being of a population such as health, education, and housing etc.; income's unsuitability as the solitary attribute of well-being is clearly understandable. In fact, it has now become well-recognized that human prosperity should be treated as a multidimensional aspect. Consequently, there has been a spur among researchers to work on multidimensional economic well-being.
There has been significant development in the areas of multivariate welfare, inequality, and poverty in the recent past, and hence, I felt the need to take the opportunity to delve deeper into the core values of the stated concepts. What is presented in this book is a theory of multidimensional welfare, inequality, and poverty in an axiomatic architecture. The aim is to clarify how we can proceed to the evaluation of the three issues and address the questions of enhancing welfare and reducing inequality and poverty.
The monograph casts ample light on the concepts, and I believe such an elusive discussion will intrigue students, teachers, researchers, and practitioners in the area. Substantive coverage of ongoing and advanced topics and their inquisitive, eloquent, accurate bestowal make the treatise theoretically and methodologically quite concurrent and comprehensive and highly susceptible to the practical problems of recent concern.
Since the use of simple one-dimensional ...