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- DescriptionIt has always been an important task of ecomics 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 ecomics has called this into question by pointing out the inconsistencies and context-dependencies of human behaviour. When preferences are 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 rmative 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 ecomics, behavioural and evolutionary ecomics.
- Author BiographyMartin Binder is a Research Associate at the Max Planck Institute of Economics, Jena, Germany.
- Author(s)Martin Binder
- PublisherTaylor & Francis Ltd
- Date of Publication23/06/2014
- SubjectEconomics: Textbooks & Study Guides
- Place of PublicationLondon
- Country of PublicationUnited Kingdom
- Content Note3 black & white illustrations, 3 black & white line drawings
- Weight408 g
- Width156 mm
- Height234 mm
- Spine16 mm
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