Subgroup decomposability is a very useful property in an inequality measure, and level-sensitivity, which requires a given level of inequality to acquire a greater significance the poorer a population is, is a distributionally appealing axiom for an inequality index to satisfy. In this paper,...

Despite the formal rigour that attends social and economic measurement, the substantive meaning of particular measures could be compromised in the absence of a clear and coherent conceptualization of the phenomenon being measured. A case in point is afforded by the status of a "focus axiom" in...

Despite the formal rigour that attends social and economic measurement, the substantive meaning of particular measures could be compromised in the absence of a clear and coherent conceptualization of the phenomenon being measured. A case in point is afforded by the status of a "focus-axiom" in...

Subgroup Decomposability is a very useful property in an inequality measure, and level-sensitivity, which requires a given level of inequality to acquire a greater significance the poorer a population is, is a distributionally appealing axiom for an inequality index to satisfy. In this paper,...

Bourguignon and Fields ("Poverty Measures and Anti-Poverty Policy") and Gangopadhyay and Subramanian ("Optimal Budgetary Intervention in Poverty Alleviation Schemes") have derived optimal budgetary rules for the redress of poverty through direct income transfers when poverty is measured by the...

"This volume is about economists, economics, and issues of concern to Indian society. Some essays are expository, and some satirical. Together, they offer a commentary on the state of the discipline of economics today, and also on aspects of contemporary India's society and polity. The volume...