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Freedom-Based Measurement of Living Standard

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This paper contrasts conventional real GDP and price indicators of individual living standard, interpreted as revealing information on individual welfare, with others, that aim at reflecting individual freedom. It is argued that freedom-based indices are easier to use and interpret than traditional real GDPones. Illustrations of the differences between the two classes of indices are provided for international comparisons, as well as for the evaluation of growth and inflation in France.

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Bibliographic Info

Paper provided by Institut d'economie publique (IDEP), Marseille, France in its series IDEP Working Papers with number 0808.

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Length: 44 pages
Date of creation: Nov 2008
Date of revision: Nov 2008
Handle: RePEc:iep:wpidep:0808

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  1. Sen, Amartya, 1991. "Welfare, preference and freedom," Journal of Econometrics, Elsevier, vol. 50(1-2), pages 15-29, October.
  2. Deschamps, Robert & Gevers, Louis, 1978. "Leximin and utilitarian rules: A joint characterization," Journal of Economic Theory, Elsevier, vol. 17(2), pages 143-163, April.
  3. Yongsheng Xu, 2004. "On ranking linear budget sets in terms of freedom of choice," Social Choice and Welfare, Springer, vol. 22(1), pages 281-289, 02.
  4. Candeal, J. C. & Indurain, E., 1995. "Homothetic and weakly homothetic preferences," Journal of Mathematical Economics, Elsevier, vol. 24(2), pages 147-158.
  5. Sen, Amartya, 1988. "Freedom of choice : Concept and content," European Economic Review, Elsevier, vol. 32(2-3), pages 269-294, March.
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Cited by:
  1. Vincent Merlin & Marc Fleurbaey & Dominique Lepelley, 2012. "Introduction to the special issue on new developments in social choice and welfare theories," Social Choice and Welfare, Springer, vol. 39(2), pages 253-257, July.

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