Freedom and Its Value

Pattanaik, Prasanta K.; Xu, Yongsheng

doi:10.2139/ssrn.2327059

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Freedom and Its Value

Andrew Young School of Policy Studies Research Paper Series No. 13-12

29 Pages Posted: 17 Sep 2013

See all articles by Prasanta K. Pattanaik

Prasanta K. Pattanaik

University of California, Riverside (UCR) - Department of Economics

Yongsheng Xu

Georgia State University - Andrew Young School of Policy Studies

Date Written: June 7, 2013

Abstract

This chapter discusses freedom and its value. We focus on the conceptual structure of freedom and the value of freedom. We also discuss several issues relating to the measurement of freedom and the value of freedom, and the notion of opportunity sets, a key component of the conceptual structure of freedom.

Keywords: freedom, opportunity, preference, value of freedom, measurement of freedom, constraints, instrumental value of freedom, intrinsic value of freedom, diversity, reasonable preferences

Suggested Citation: Suggested Citation

Pattanaik, Prasanta K. and Xu, Yongsheng, Freedom and Its Value (June 7, 2013). Andrew Young School of Policy Studies Research Paper Series No. 13-12, Available at SSRN: https://ssrn.com/abstract=2327059 or http://dx.doi.org/10.2139/ssrn.2327059