ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846

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Welfare Implications of Growth and Inequality

Welfare Implications of Growth and Inequality N Sreenivasa Iyengar Although welfare is not measurable, and we need not try to measure it, the instruments of policy to increase aggregate welfare are exactly those which also improve the existing average standard of living and at the same time reduce the existing disparities in levels of living.

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