Elements of an Evolutionary Theory of Welfare
Assessing Welfare When Preferences Change
$222.29
- Paperback
280 pages
- Release Date
23 June 2014
Summary
It has always been an important task of economics to assess individual and social welfare. The traditional approach has assumed that the measuring rod for welfare is the satisfaction of the individual’s given and unchanging preferences, but recent work in behavioural economics has called this into question by pointing out the inconsistencies and context-dependencies of human behaviour. When preferences are no longer consistent, we have to ask whether a different measure for individual welf…
Book Details
| ISBN-13: | 9781138807082 |
|---|---|
| ISBN-10: | 1138807087 |
| Author: | Martin Binder |
| Publisher: | Taylor & Francis Ltd |
| Imprint: | Routledge |
| Format: | Paperback |
| Number of Pages: | 280 |
| Release Date: | 23 June 2014 |
| Weight: | 520g |
| Dimensions: | 156mm x 234mm |
| Series: | Routledge Advances in Social Economics |
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Critics Review
“If the assumption is no longer that our preferences and wants are fixed but that they change over time, how should we think of economic welfare? In a much needed book, Martin Binder puts a novel discussion of these crucial issues on a firm behavioural and evolutionary footing.” - Jack Vromen, Erasmus University, Rotterdam, The Netherlands
Martin Binder
Martin Binder is a Research Associate at the Max Planck Institute of Economics, Jena, Germany.
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