• PierCarlo Nicola
Part of the Lecture Notes in Economics and Mathematical Systems book series (LNE, volume 661)


To start our enquiry, let’s consider, in its fundamental elements, what theoretical welfare economics says about inequality and poverty. Social welfare is considered a function of individual and family incomes, since incomes have a meaningful and positive correlation with indexes of a good life, such as life expectancy at birth, health, food, housing, education, …, while consumptions are a more limited economic variable.


Social Welfare Economic Agent Social Welfare Function Individual Income Poverty Index 
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© Springer-Verlag Berlin Heidelberg 2013

Authors and Affiliations

  • PierCarlo Nicola
    • 1
  1. 1.Dipto. MatematicaUniversità di MilanoMilanoItaly

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