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The parameterization of income distributions using Lorenz Curves is a useful technique to analyze the characteristics of income inequality within a given population. It provides a way of describing how data are generated, why the level of inequality is what it is, and how these factors impact poorer sections of the population. This book brings together classic papers in the field, including Camilo Dagum's most influential contribution, survey papers outlining the state-of-the-art of the field, and cutting-edge research contributions. While providing a thorough overview of the methodology of income distribution modeling, the book emphasizes its relevance on development economics and its importance for policy makers who design and assess poverty alleviation and income redistribution policies.
Jean-Jacques Rousseau wrote in the Preface to his famous Discourse on Inequality that "I consider the subject of the following discourse as one of the most interesting questions philosophy can propose, and unhappily for us, one of the most thorny that philosophers can have to solve. For how shall we know the source of inequality between men, if we do not begin by knowing mankind?" (Rousseau, 1754). This citation of Rousseau appears in an article in Spanish where Dagum (2001), in the memory of whom this book is published, also cites Socrates who said that the only useful knowledge is that which makes us better and Seneca who wrote that knowing what a straight line is, is not important if we do not know what rectitude is. These references are indeed a good illustration of Dagum's vast knowledge, which was clearly not limited to the ?eld of Economics. For Camilo the ?rst part of Rousseau's citation certainly justi?ed his interest in the ?eld of inequality which was at the centre of his scienti?c preoccupations. It should however be stressed that for Camilo the second part of the citation represented a "solid argument in favor of giving macroeconomic foundations to microeconomic behavior" (Dagum, 2001). More precisely, "individualism and methodological holism complete each other in contributing to the explanation of individual and social behavior" (Dagum, 2001).
Jean-Jacques Rousseau wrote in the Preface to his famous Discourse on Inequality that "I consider the subject of the following discourse as one of the most interesting questions philosophy can propose, and unhappily for us, one of the most thorny that philosophers can have to solve. For how shall we know the source of inequality between men, if we do not begin by knowing mankind?" (Rousseau, 1754). This citation of Rousseau appears in an article in Spanish where Dagum (2001), in the memory of whom this book is published, also cites Socrates who said that the only useful knowledge is that which makes us better and Seneca who wrote that knowing what a straight line is, is not important if we do not know what rectitude is. These references are indeed a good illustration of Dagum's vast knowledge, which was clearly not limited to the ?eld of Economics. For Camilo the ?rst part of Rousseau's citation certainly justi?ed his interest in the ?eld of inequality which was at the centre of his scienti?c preoccupations. It should however be stressed that for Camilo the second part of the citation represented a "solid argument in favor of giving macroeconomic foundations to microeconomic behavior" (Dagum, 2001). More precisely, "individualism and methodological holism complete each other in contributing to the explanation of individual and social behavior" (Dagum, 2001).
From the reviews:
"Chotikapanich has done an excellent job in her introduction to the volume of describing each paper's content in a substantive way. ... This is an excellent book and I recommend it strongly to anyone interested in this field and urge you to read it. ... all these papers are interesting, all ... were innovative and expanded our understanding of approximating and describing empirical income distribution data, and all illustrate an important lesson for (and particularly relevant to) the young researcher in this field ... ." (Daniel Slottje, The Journal of Economic Inequality, Vol. 8, 2010)
"Chotikapanich has done an excellent job in her introduction to the volume of describing each paper's content in a substantive way. ... This is an excellent book and I recommend it strongly to anyone interested in this field and urge you to read it. ... all these papers are interesting, all ... were innovative and expanded our understanding of approximating and describing empirical income distribution data, and all illustrate an important lesson for (and particularly relevant to) the young researcher in this field ... ." (Daniel Slottje, The Journal of Economic Inequality, Vol. 8, 2010)