Evolving Preferences and Policy Advice in Democratic Society
The theoretical consistency and practical applicability of traditional welfare economics has long been subject to controversy. More recently the challenge has been added from evolutionary approaches that the individual preferences on which the welfare calculus is based are themselves subject to change. The purpose of the present paper is twofold. It takes, firstly, a closer look at the discussion on the need and feasibility of an evolutionary welfare economics that accommodates evolving preferences. The particular focus is on proposal advanced by three authors, Carl Christian von Weizsäcker, Ulrich Witt and Robert Sugden. And it seeks, secondly, to show that the constitutional economics paradigm can deal with the evolving-preferences-issue in a more coherent and consistent way than approaches that remain within the mind-frame of welfare economics.
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- U. Witt & C. Schubert, 2008.
"Constitutional Interests in the Face of Innovations: How Much Do We Need to Know about Risk Preferences?,"
Papers on Economics and Evolution
2008-03, Philipps University Marburg, Department of Geography.
- Ulrich Witt & Christian Schubert, 2008. "Constitutional interests in the face of innovations: how much do we need to know about risk preferences?," Constitutional Political Economy, Springer, vol. 19(3), pages 203-225, September.
- Ulrich Witt, 2003. "Economic policy making in evolutionary perspective," Journal of Evolutionary Economics, Springer, vol. 13(2), pages 77-94, 04.
- Viktor J. Vanberg, 2007. "Democracy, Citizen Sovereignty and Constitutional Economics," Chapters, in: Public Choice and the Challenges of Democracy, chapter 6 Edward Elgar.
- Witt, Ulrich, 1996. " Innovations, Externalities and the Problem of Economic Progress," Public Choice, Springer, vol. 89(1-2), pages 113-30, October.
- Viktor J. Vanberg, 2008. "The Economics of Moral Preferences," American Journal of Economics and Sociology, Wiley Blackwell, vol. 67(4), pages 605-628, October.
- Vanberg, Viktor J., 2005. "Market and state: the perspective of constitutional political economy," Journal of Institutional Economics, Cambridge University Press, vol. 1(01), pages 23-49, June.
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