Human Well-Being and Economic Goals (Frontier Issues in Economic Thought)

Human Well-Being and Economic Goals (Frontier Issues in Economic Thought)

Publisher: Island Press; 1 edition | 1997-11-01 | 461 Pages | ISBN: 1559635606 | PDF | 2.97 MB

What are the ends of economic activity? According to neoclassical theory, efficient interaction of the profit-maximizing "ideal producer" and the utility-maximizing "ideal consumer" will eventually lead to some sort of social optimum. But is that social optimum the same as human well-being? Human Well-Being and Economic Goals addresses that issue, considering such questions as:

* Does the maximization of individual welfare really lead to social welfare?
* How can we deal with questions of relative welfare and of equity?
* How do we define, or at least understand, individual and social welfare?
* And how can these things be measured, or even assessed?

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