Examine how Amartya Sen's approach to welfare measurement can be put into practice for the measurement...

Examine how Amartya Sen's approach to welfare measurement can be put into practice for the measurement of poverty and inequality in affluent societies.

Expert Solution

Answer:
Amartya Sen's approach to welfare measurement can be put into practice for the measurement of poverty and inequality in affluent societies in below mentioned ways:

Amartya Sen's approach measured poverty as deprivation in the capability of an indvidual to live a good and dignified life with basic needs. And development is measured as the capability to expand a given services or goods production.
Amartya Sen's approach measured welfare in terms of inequality in different levels of aggregate achievements like literacy,longivity etc.
Amartya Sen's approach of welfare measurement can be applied to affluent societies like US, UK, Europian countries etc.
One of the biggest point in Amartya Sen's approach was that individual welfare should not be measured in terms of his income
A person's capability to live a good life should be measured in set of values like being in good health, having loving relationship and peace of mind.

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Rahul Sunny answered 3 months ago

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