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Elements of an Evolutionary Theory of Welfare: Assessing Welfare When Preferences Change book cover

1st Edition

Elements of an Evolutionary Theory of Welfare Assessing Welfare When Preferences Change

By Martin Binder Copyright 2010
280 Pages 3 B/W Illustrations
by Routledge

280 Pages 3 B/W Illustrations
by Routledge

280 Pages 3 B/W Illustrations
by Routledge
Also available as eBook on:
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... Read more

1.Introduction, 2. Conceptual Background and Welfare Terminology, 3. Other Approaches to Welfare Economics, 4. A Positive Basis: The Learning Theory of Consumption, 5. An Evolutionary Theory of Welfare, 6. Evolutionary Welfare Economics, 7. Concluding Remarks, Bibliography

Biography

Martin Binder is a Research Associate at the Max Planck Institute of Economics, Jena, Germany.  

"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

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