Nanak Kakwani and Hyu 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...

Recommended readings (Machine generated): 1. Simon Kuznets (1955), 'Economic Growth and Income Inequality', American Economic Review, XLV (1), March, 1-28 -- 2. Simon Kuznets (1963), 'Quantitative Aspects of Economic Growth of Nations: VIII, Distribution of Income by Size', Economic Development...