ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846
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A Critique of the Welfare-Theoretic Basis of the Measurement of Poverty

Once we abandon the false theoretical premise of welfare economics that past period's goods and services are available in the current period as well, a number of seemingly contradictory bits of evidence on the measurement and level of poverty in India fall into place and gel into a coherent story. When poverty is defined in terms of access to a bundle of goods and services, which includes a minimum number of calories, there can be little doubt that poverty has been increasing in neo-liberal India.



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