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This title presents a collection of 22 pioneering essays written while the author was teaching at the London School of Economics and chosen to indicate landmarks in the development of his own thought. The essays are particularly relevant to upper level students of project appraisal, welfare economics, and cost benefit analysis.
| Price | Condition | Delivery | Seller | Action |
| $99.99 | Digital |
| WonderClub |
Michael Charles Turner
reviewed Economic efficiency and social welfare on September 21, 2015
Economic efficiency and social welfare
Sen provides the evaluation of well-being in the conception of Capability Approach as the critiques of traditional welfare economics.
Commodity→ Capability→ Functioning → Utility
"...wealth is evidently not the good we are seeking; for it is merely useful and for the sake of something else".
Further readings of Sen's capability approach can be found and clarified greatly and insightful in his shortly later book called "Development as Freedom".
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