Elements of an Evolutionary Theory of Welfare

Assessing Welfare When Preferences Change

Business & Finance, Economics, Theory of Economics
Cover of the book Elements of an Evolutionary Theory of Welfare by Martin Binder, Taylor and Francis
View on Amazon View on AbeBooks View on Kobo View on B.Depository View on eBay View on Walmart
Author: Martin Binder ISBN: 9781136956164
Publisher: Taylor and Francis Publication: May 4, 2010
Imprint: Routledge Language: English
Author: Martin Binder
ISBN: 9781136956164
Publisher: Taylor and Francis
Publication: May 4, 2010
Imprint: Routledge
Language: English

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 welfare can, and should, be found.

This book goes beyond the level of preference and instead considers whether a hedonistic view of welfare represents a viable alternative, and what its normative implications are. Offering a welfare theory with stronger behavioural and evolutionary foundations, Binder follows a naturalistic methodology to examine the foundations of welfare, connecting the concept with a dynamic theory of preference learning, and providing a more realistic account of human behaviour.

This book will be of interest to researchers and those working in the fields of welfare economics, behavioural and evolutionary economics.

View on Amazon View on AbeBooks View on Kobo View on B.Depository View on eBay View on Walmart

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 welfare can, and should, be found.

This book goes beyond the level of preference and instead considers whether a hedonistic view of welfare represents a viable alternative, and what its normative implications are. Offering a welfare theory with stronger behavioural and evolutionary foundations, Binder follows a naturalistic methodology to examine the foundations of welfare, connecting the concept with a dynamic theory of preference learning, and providing a more realistic account of human behaviour.

This book will be of interest to researchers and those working in the fields of welfare economics, behavioural and evolutionary economics.

More books from Taylor and Francis

Cover of the book The United States and Turkey's Path to Europe by Martin Binder
Cover of the book Towards an Elegant Syntax by Martin Binder
Cover of the book Public Space and Relational Perspectives by Martin Binder
Cover of the book Local Agrarian Societies in Colonial India by Martin Binder
Cover of the book Gatekeeping Theory by Martin Binder
Cover of the book Sponsorship in Marketing by Martin Binder
Cover of the book Public Order and Private Lives (Routledge Revivals) by Martin Binder
Cover of the book The Economic Theory of Representative Government by Martin Binder
Cover of the book Advertising at the Crossroads (RLE Advertising) by Martin Binder
Cover of the book Understanding the Social World of the New Testament by Martin Binder
Cover of the book Sport, Culture and Ideology (RLE Sports Studies) by Martin Binder
Cover of the book Muslim and Jew by Martin Binder
Cover of the book Sir Francis Drake's West Indian Voyage, 1585-86 by Martin Binder
Cover of the book Beyond Charismatic Leadership by Martin Binder
Cover of the book Ashgate Handbook of Anti-Infective Agents: An International Guide to 1, 600 Drugs in Current Use by Martin Binder
We use our own "cookies" and third party cookies to improve services and to see statistical information. By using this website, you agree to our Privacy Policy