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This monograph initially offers a systematic treatment of the theory and methodology of alternative notions of income polarization and related issues. It then goes on to analyze social polarization, ordinal polarization, and the relations between inequality polarization, fractionalization and likelihood of conflicts. Axiomatic approaches to the measurement of polarization from different perspectives are analyzed rigorously. In order to understand the difference between inequality and polarization, a discussion on income inequality is also included.

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9788132229162

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Satya R. Chakravarty is a Professor of Economics at the Indian Statistical Institute, Kolkata, India. He has articles published in many internationally known journals and edited volumes on welfare issues, cooperative game theory, industrial organization and mathematical finance; and books published by Cambridge University Press and Springer. He is an Associate Editor of Social Choice and Welfare, a member of the Editorial Board of Journal of Economic Inequality and a Co-editor of Economics –E Journal. He is a consultant to the Asian Development Bank, an external adviser of the World Bank and worked as an adviser of the National Council of Social Policy Evaluation, Mexico. He was awarded the Mahalanobis memorial prize by the Indian Econometric Society in 1994 and is a fellow of the Human Development and Capability Association.

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