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A set of inter-related theses concerning the foundations of welfare economics, and in particular about the assessment of personal well-being and advantage. The argument presented focuses on the capability to function, i.e. what a person can do or can be, questioning in the process the more standard emphasis on opulence or on utility.
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| $99.99 | Digital |
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Michael Gaughan
reviewed Commodities and capabilities on February 09, 2018
Commodities and capabilities
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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