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Individual Freedom and Welfare Economics

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  • Prasanta K. Pattanaik

    (University of California)

Abstract

The notion of individual freedom has been around in economics for a long time. The formal analysis of individual freedom in welfare economics, however, is of more recent origin; it constitutes an important aspect of the recent literature that has sought to widen the ethical basis of welfare economics beyond the traditional framework that focused exclusively on the utilities of individuals. Sen’s concept of an individual’s capability set has been the major source of inspiration for the recent literature on individual freedom in welfare economics. The purpose of this paper is to present a brief review of some specific issues which have come up in this relatively new and important strand of welfare economics.

Suggested Citation

  • Prasanta K. Pattanaik, 2018. "Individual Freedom and Welfare Economics," Journal of Quantitative Economics, Springer;The Indian Econometric Society (TIES), vol. 16(1), pages 1-12, March.
    • Handle: RePEc:spr:jqecon:v:16:y:2018:i:1:d:10.1007_s40953-017-0107-2
    DOI: 10.1007/s40953-017-0107-2
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    References listed on IDEAS

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