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Elements of an Evolutionary Theory of Welfare
Assessing Welfare When Preferences Change
Series: Routledge Advances in Social Economics
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...
Published April 25th 2010 by Routledge