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Freedom, Responsibility and Economics of the Person (Hardcover, New)
Loot Price: R4,266
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Freedom, Responsibility and Economics of the Person (Hardcover, New)
Series: Routledge Frontiers of Political Economy
Expected to ship within 12 - 17 working days
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The capability approach has developed significantly since Amartya
Sen was awarded the Nobel Prize in Economics in 1998. It is now
recognised as being highly beneficial in the analysis of poverty
and inequality, but also in the redefinition of policies aimed at
improving the well-being of individuals. The approach has been
applied within numerous sectors, from health and education to
sustainable development, but beyond the obvious interest that it
represents for the classical economics tradition, it has also
encountered certain limitations. While acknowledging the undeniable
progress that the approach has made in renewing the thinking on the
development and well-being of a population, this book takes a
critical stance. It focuses particularly on the approach's
inadequacy vis-a-vis the continental phenomenological tradition and
draws conclusions about the economic analysis of development. In a
more specific sense, it highlights the fact that the approach is
too bound by standard economic logic, which has prevented it from
taking account of a key 'person' dimension - namely, the ability of
an individual to assume responsibility. As a result, this book
advocates the notion that if the approach is used carelessly in
relation to development policies, it can cause a number of
pernicious effects, some of which may lead to disastrous
consequences. Due to its multidisciplinary nature, this book will
be of interest to those working in the fields of economics,
philosophy, development studies and sociology.
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