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

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Binding: Hardcover Dewey Decimal Number: 330.157 EAN: 9781559635608 ISBN: 1559635606 Label: Island Press Manufacturer: Island Press Number Of Items: 1 Number Of Pages: 458 Publication Date: 1997-11-01 Publisher: Island Press Studio: Island Press
Editorial Reviews: 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? This volume 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 how can these things be measured, or even assessed? The book brings together more than 75 concise summaries of literature in the field that consider issues of present and future individual and social welfare, national development, consumption and equity. Like its predecessors in the "Frontier Issues in Economic Thought" series, it takes a multidisciplinary approach to economic concerns, examining their sociological, philosophical and psychological aspects and implications as well as their economic underpinnings. It offers an introduction to the current and historical writings that examine the concept of human well-being in ways that can help us to set goals for economic activity and judge its success.
Spotlight customer reviews: Customer Rating: Summary: Analytical summaries of the best of the literature Comment: The Frontier Issues in Economic Thought summaries, along with the overview essays, provide a markedly different service from the standard collection of abstracts. The series will benefit not only scholarly work but the application of our best thinking to the problems of the times. Kenneth Prewitt, President, Social Sciences Research Council More Reviews