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Elements of an Evolutionary Theory of Welfare - Assessing Welfare When Preferences Change (Paperback) Loot Price: R1,537
Discovery Miles 15 370
Elements of an Evolutionary Theory of Welfare - Assessing Welfare When Preferences Change (Paperback): Martin Binder

Elements of an Evolutionary Theory of Welfare - Assessing Welfare When Preferences Change (Paperback)

Martin Binder

Series: Routledge Advances in Social Economics

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Loot Price R1,537 Discovery Miles 15 370 | Repayment Terms: R144 pm x 12*

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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."

General

Imprint: Routledge
Country of origin: United Kingdom
Series: Routledge Advances in Social Economics
Release date: June 2014
First published: 2010
Authors: Martin Binder
Dimensions: 234 x 156 x 16mm (L x W x T)
Format: Paperback
Pages: 280
ISBN-13: 978-1-138-80708-2
Categories: Books > Business & Economics > Economics > Political economy
Books > Social sciences > Sociology, social studies > Social welfare & social services > Welfare & benefit systems
LSN: 1-138-80708-7
Barcode: 9781138807082

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