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About this book
Nanak Kakwani and Hyun Hwa Son make use of social welfare functions to derive indicators of development relevant to specific social objectives, such as poverty- and inequality-reduction. Arguing that the measurement of development cannot be value-free, the authors assert that if indicators of development are to have policy relevance, they must be assessed on the basis of the social objectives in question.
This study develops indicators that are sensitive to both the level and the distribution of individuals’ capabilities. The idea of the social welfare function, defined in income space, is extended to the concept of the social well-being function, defined in capability space.
Through empirical analysis from selected developing countries, with a particular focus on Brazil, the authors shape techniques appropriate to the analysis of development in different dimensions. The focus of this evidence-based policy analysis is to evaluate alternative policies affecting the capacities of people to enjoy a better life.
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Table of contents (10 chapters)
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Front Matter
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Back Matter
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Authors and Affiliations
About the authors
Nanak Kawkani was Professor of Economics for 30 years at the University of New South Wales in Sydney, Australia, and until 2006 was Principal Researcher and Director at UNDP’s International Policy Centre for Inclusive Growth in Brazil. He was an elected fellow of the Australian Research Committee of Social Science, and has been awarded the Mahalanobis gold medal for outstanding contribution in quantitative economics. He has published over 100 articles in international journals, as well as four books.
Hyun Hwa Son is Principal Evaluation Specialist in the Independent Evaluation Department of the Asian Development Bank (ADB), Philippines, having previously worked as a poverty economist at the United Nations Development Programme. She has held an academic position at Macquarie University in Sydney, Australia, and published extensively on poverty, inequality, pro-poor growth, inclusive growth, education and health.
Bibliographic Information
Book Title: Social Welfare Functions and Development
Book Subtitle: Measurement and Policy Applications
Authors: Nanak Kakwani, Hyun Hwa Son
DOI: https://doi.org/10.1057/978-1-137-58325-3
Publisher: Palgrave Macmillan London
eBook Packages: Economics and Finance, Economics and Finance (R0)
Copyright Information: The Editor(s) (if applicable) and The Author(s) 2016
Hardcover ISBN: 978-1-137-58324-6Published: 19 July 2016
eBook ISBN: 978-1-137-58325-3Published: 30 June 2016
Edition Number: 1
Number of Pages: XXIX, 355
Number of Illustrations: 35 b/w illustrations
Topics: Development Economics, Econometrics, Social Choice/Welfare Economics/Public Choice/Political Economy, Public Policy