Interpersonal Comparisons and the Evaluation of Alternative Social States
Andres Fernando Casas
Universidad del Rosario - Minister of Education
Darwin F. Cortes
Universidad del Rosario
Luis F. Gamboa
Universidad Carlos III de Madrid - Department of Economics
Revista de Economia Institucional, Vol. 5, No. 8, 2003
This document outlines the basic concepts of economic theory that are used to evaluate alternative social states, based on the formulation of a social welfare function that either permits or denies interpersonal comparisons of utility. Specially, it shows different approaches of old and new welfare economics. And concludes that Amartya Sen's contribution to the concept of welfare as functioning and of justice as capacity to choose among different functionings, makes it possible to consider agents differently and to evaluate alternative options of life conditions.
Number of Pages in PDF File: 14
Keywords: welfare economics, alternative social states, interpersonal comparisons
JEL Classification: D60, D63, I39Accepted Paper Series
Date posted: May 3, 2005
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