This paper presents a family of multidimensional poverty indexes that measure poverty as a function of the extent and the intensity of poverty. We provide a unique axiomatics from which both extent and intensity of poverty can be derived, as well as the poor be endogenously identified. This axiomatics gives rise to a family of multidimensional indexes whose extremal points are the geometric mean and the Maximin solution. We show that, in addition to all the standard features studied in the literature, these indexes are continuous (a must for cardinal poverty measures) and ordinal, in the sense that they do not depend upon the units in which dimensions of achievements (or deprivations) are computed. Moreover, they verify the decreasing marginal rate of substitution property: the higher one’s deprivation in one dimension, the smaller the increase of achievement in that dimension that sufices to compensate for a decrease of achievement in another dimension.
The purpose of this article is to reformulate a clear and in-depth state of knowledge provided by a thermo-evolutionary perspective of the economic system. It is shown that during the entire human history, energy has been central to direct the successive phases of technological change and economic development.
In their response, experts associated with the Chair emphasize the predominance of accounting standards over non-financial information to guide corporate strategies. Accounting is not neutral, and the fact that it does not integrate human and natural capital is a major obstacle to achieving the EU's sustainability objectives.
Speach from John E Roemer (Yale University)at the Research Seminar of the Chair Energy and Prosperity on October 23.
The Chair Energy and Prosperity organizes an international workshop on sustainable mobility on December. Subscription are open.