- Khushboo Balani added an answer:Which are the most efficient measures of poverty besides the HDI and Oxford's Multi-dimensional Poverty Index?Which help in capturing deprivation in a holistic wayThank you so much sir for sharing this information.Following
- Juan Segura added an answer:Open Question: Poverty and inequality: Focalize or Universalize?The dimensions that define poverty summarizes Van de Walle (1995) in three: utility, income and capabilities. The utility is a representation of individual preferences or wish fulfillment. However, the difficulty of measuring and comparing welfare between people makes it unwieldy. The question is how to ensure that subsidies reach the poor and only them?,namely , how can social spending actually reaches those who need it most?.Bradhan with Udry (1999): "Development Microeconomics" Would be useful in this discussion (Alleviation of poverty) due the way they poses some relevant questions about this issue....Following
About Welfare Economics
Welfare economics is a branch of economics that uses microeconomic techniques to evaluate economic well-being, especially relative to competitive general equilibrium within an economy as to economic efficiency and the resulting income distribution associated with it.