This paper seeks to extend the unidimensional notion of Lorenz dominance to the multidimensional context. It formulates a definition of a multidimensional Lorenz dominance relation (MLDR) on the set of alternative distributions of well-being in an economy by incorporating a generalization of the...

This book discusses how to measure the level of development of an economy, particularly, the task of ranking economies in terms of their development. In this context, development is defined as an increase in people's level of wellbeing. The book emphasises that wellbeing is a multidimensional...

Chapter 1: Introduction -- Chapter 2: Towards an Inequality-Sensitive Measure of Development: The Unidimensional Case -- Chapter 3: Unidimensional Development Ranking and Fuzzy Lorenz Dominance -- Chapter 4: Illustrative Applications of Unidimensional Development Indices -- Chapter 5:...

1. Introduction 2. Major economic slowdowns of the past and the evolution of economic policies 3. Recent trends in economic growth. 4. What caused the slowdown? 5. Arresting the slowdown: The policy issues. 6. Economic policies and pandemics: The case of Covid19. 7. Where will the money come...

This paper considers the functioning approach to the standard of living. It shows that, in evaluating standards of living, one is faced with deep-rooted tensions between the principle of weak dominance and the principle of minimal relativism, which requires some minimal respect for differences...