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Interpersonal Comparisons and the Evaluation of Alternative Social States
Andres Fernando CasasUniversidad del Rosario - Minister of Education Darwin F. CortesUniversidad del Rosario Luis F. GamboaUniversidad Carlos III de Madrid - Department of Economics Revista de Economia Institucional, Vol. 5, No. 8, 2003 Abstract: 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, I39 Accepted Paper SeriesDate posted: May 3, 2005Suggested Citation |
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