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The definition and measurement of social welfare have been a vexed issue for the past century. This book makes a constructive, easily applicable proposal and suggests how to evaluate the economic situation of a society in a way that gives priority to the worse-off and that respects each individual's preferences over his or her own consumption, work, leisure and so on. This approach resonates with the current concern to go 'beyond the GDP' in the measurement of social progress. Compared to technical studies in welfare economics, this book emphasizes constructive results rather than paradoxes…mehr

Produktbeschreibung
The definition and measurement of social welfare have been a vexed issue for the past century. This book makes a constructive, easily applicable proposal and suggests how to evaluate the economic situation of a society in a way that gives priority to the worse-off and that respects each individual's preferences over his or her own consumption, work, leisure and so on. This approach resonates with the current concern to go 'beyond the GDP' in the measurement of social progress. Compared to technical studies in welfare economics, this book emphasizes constructive results rather than paradoxes and impossibilities, and shows how one can start from basic principles of efficiency and fairness and end up with concrete evaluations of policies. Compared to more philosophical treatments of social justice, this book is more precise about the definition of social welfare and reaches conclusions about concrete policies and institutions only after a rigorous derivation from clearly stated principles. This book proposes a theory of social welfare that draws from the theory of social choice and the theory of fair allocation and encapsulates fairness principles in the definition of social preferences.
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Autorenporträt
Marc Fleurbaey is a Research Director of the National Center for Scientific Research (CNRS) and serves on the staff of CERSES, the joint research entity of the CNRS and the Université Paris Descartes. He first worked at INSEE, taught subsequently at the Universities of Cergy-Pontoise and Pau, and as of 2011 is a professor at Princeton University. Professor Fleurbaey is a research associate at CORE at the Université Catholique de Louvain, at Sciences-Po in Paris, and at IDEP in Marseilles, and a visiting professor at the London School of Economics. He is a former editor of the journal Economics and Philosophy (Cambridge University Press) and is currently a managing editor of Social Choice and Welfare. He is the author, editor or coeditor of seven books, including Fairness, Responsibility, and Welfare (2008) and Justice, Political Liberalism, and Utilitarianism: Themes from Harsanyi and Rawls (with Maurice Salles and John Weymark, Cambridge University Press, 2008). His papers on normative and public economics have appeared in leading journals such as Econometrica the Journal of Political Economy and the Journal of Economic Theory.
Rezensionen
'Fleurbaey and Maniquet are among the outstanding scholars in the development of formal theories of social choice and justice today. Their many original contributions and synthesis, in the present volume, are masterly and go well beyond what can be said in the usual philosophical language. The concepts of fair and efficient resource allocations have been enriched by their work.' Kenneth J. Arrow, Stanford University and Nobel Laureate in Economics