During the last few decades, the linkage between economic growth and poverty decline has been usually positive. Both cross country and time series data for individual countries supported this observation. This has encouraged developing countries to pursue policies for acceleration of growth to achi

Economics is all about choices. The theory of social choice by Kenneth J Arrow has played a revolutionary role in economics. But even without going to the rigorous theoretical analysis it can be said that we make numerous decisions and exert choices which affect the lives of many. The choices among