Here are some details of what promises to be an excellent lecture for A2 students who cover development economics as part of their course. On Thursday 22nd November, Martin Ravallion Director of the World Bank’s Research Department and (from 2013) the Edmond D. Villani Chair of Economics at Georgetown University will be discussing issues connected to relative poverty and development."Relative deprivation, shame and social exclusion matter to the welfare of people everywhere, but this fact is ignored by standard measures of economic performance, including poverty. The lecture will argue that such social effects on welfare call for a reconsideration of how we assess global poverty, but they do not support widely used measures of relative poverty. It is argued instead that a new class of measures is called for, and new estimates of global poverty are presented. The lecture will discuss the implications for thinking about development policy, including setting global development goals. ."The LSE lecture is free to all who can get there and no tickets are required. Here are the details:Date: Thursday 22 November 2012 Time: 5-6pm Venue: Old Theatre, Old Building