Kuklys examines how Nobel Prize-winning economist Amartya Sen s approach to welfare measurement can be put in practice for poverty and inequality measurement in affluent societies such as the UK. Sen argues that an individual s welfare should not be measured in terms of her income, but in terms what she can actually do or be, her capabilities. In Chapters 1 and 2, Kuklys describes the capability approach from a standard welfare economic point of view and provides a comprehensive literature review of the empirical applications in this area of research. In the remaining chapters, novel...
Kuklys examines how Nobel Prize-winning economist Amartya Sen s approach to welfare measurement can be put in practice for poverty and inequality m...