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Human Well-Being and Economic Goals

By David Kiron (Editor), Frank Ackerman (Editor), Jonathan Harris (Editor), Kevin Gallagher (Editor), Neva R. Goodwin (Editor), Kenneth Arrow (Foreword by)
eBook
$42.50
By David Kiron (Editor), Frank Ackerman (Editor), Jonathan Harris (Editor), Kevin Gallagher (Editor), Neva R. Goodwin (Editor), Kenneth Arrow (Foreword by)
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What are the ends of economic activity? According to neoclassical theory, efficient interaction of the profit-maximizing "ideal producer" and the utility-maximizing "ideal consumer" will eventually lead to some sort of social optimum. But is that social optimum the same as human well-being? Human Well-Being and Economic Goals addresses that issue, considering such questions as:

  • Does the maximization of individual welfare really lead to social welfare?
  • How can we deal with questions of rel...

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