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Welfare Theory, Public Action, and Ethical Values: Revisiting the History of Welfare Economics de Roger E. Backhouse

Welfare Theory, Public Action, and Ethical Values: Revisiting the History of Welfare Economics

Editat de Roger E. Backhouse, Antoinette Baujard, Tamotsu Nishizawa
en Limba Engleză Hardback – 24 mar 2021
This innovative history of welfare economics challenges the view that welfare economics can be discussed without taking ethical values into account. Whatever their theoretical commitments, when economists have considered practical problems relating to public policy, they have adopted a wider range of ethical values, whether equality, justice, freedom, or democracy. Even canonical authors in the history of welfare economics are shown to have adopted ethical positions different from those with which they are commonly associated. Welfare Theory, Public Action, and Ethical Values explores the reasons and implications of this, drawing on concepts of welfarism and non-welfarism developed in modern welfare economics. The authors exemplify how economic theory, public affairs and political philosophy interact, challenging the status quo in order to push economists and historians to reconsider the nature and meaning of welfare economics.
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Specificații

ISBN-13: 9781108841450
ISBN-10: 1108841457
Pagini: 300
Dimensiuni: 158 x 235 x 21 mm
Greutate: 0.64 kg
Editura: Cambridge University Press
Colecția Cambridge University Press
Locul publicării:New York, United States

Cuprins

Introduction: revisiting the history of welfare economics Roger E. Backhouse, Antoinette Baujard and Tamotsu Nishizawa; Part I. Plurality of Welfare in the Making of Welfare Economics: 1. Ruskin's romantic triangle: neither wealth nor beauty but life Yuichi Shionoya; 2. Radicalism versus Ruskin: quality and quantity in Hobson's welfare economics Peter Cain; 3. Alfred Marshall on progress and human wellbeing Tamotsu Nishizawa; 4. Pigou's welfare economics revisited: a non-welfarist and non-utilitarian interpretation Satoshi Yamazaki; 5. To which kind of welfare did Léon Walras refer? The theorems and the state Richard Arena; 6. Value judgement within Pareto's economic and sociological approaches to welfare Rogerio Arthmar and Michael McClure; Part II. Developing Modern Welfare Economics: 7. John Hicks's farewell to economic welfarism: how deeply rooted and far reaching is his Non-Welfarist Manifesto? Kotaro Suzumura; 8. Individualism and ethics: Paul Samuelson's welfare economics Roger E. Backhouse; 9. Non welfarism in the early debates over the Coase theorem: the case of environmental economics Steven Medema; 10. Richard Musgrave and the idea of community Maxime Desmarais-Tremblay; 11. Non-welfaristic features of Kenneth Arrow's ideas of justice Nao Saito; 12. Beyond welfarism: the potential and limitations of the capability approach Constanze Binder; 13. The influence of Sen's applied economics on his non-welfarist approach to justice: agency at the core of public action for removing injustices Muriel Gilardone; Conclusion Roger E. Backhouse, Antoinette Baujard, and Tamotsu Nishizawa.

Recenzii

'Welfare Theory, Public Action, and Ethical Values is a collection of twelve essays at the intersection of the historical analysis of welfare economics and its contemporary challenges. The volume ties multiple and complex themes - fairness, wellbeing, the role of the individual in society - into a balanced whole. Many of the issues raised will be of the most fundamental importance to economic theory and public economics in the coming decades.' Marianne Johnson, University of Wisconsin, Oshkosh
'Normative economics is generally tightly associated to welfarism, the view according to which states of affairs should be evaluated only according to individual welfare as measured by utility. The contributions in this book establish that this received view is misconceived. On the basis of carefully argued historical studies, the contributors show that several major economists have departed from welfarist principles when tackling practical and policy issues. This historical assessment of the importance of welfarism in normative economics was much needed, at a time where economists have to deal with pressing problems such as climate change or the rise of economic inequality that involve a wide range of ethical values.' Cyril Hédoin, University of Reims Champagne-Ardenne
'This volume is a collection of highly thoughtful essays by various scholars. The essays provide fresh insights into the writings of some of the most prominent thinkers who have influenced the evolution of welfare economics. The volume is an important contribution to the history of welfare economics; it deserves a place in the bookshelves of every economist interested in conceptual issues relating to individual well-being and social welfare.' Prasanta K. Pattanaik , University of California, Riverside
'The individual preference satisfaction-based version of welfarism that dominated welfare economics since the middle of the twentieth century has always had critics, but in recent decades these critical voices have become more influential. These changes have many sources, but two that stand out are the capability approach originating with Amartya Sen, and behavioral welfare economics originating in attempts to reconcile welfare and behavioral economics. This volume clearly demonstrates that non-welfarist positions have actually been much more prevalent in the history of economics than generally recognized by either practicing economists or most historians of economic thought.' Wade Hands, University of Puget Sound
'This book is a must read for anyone interested in the history of welfare economics, a new and very exciting stream of research. This highly original collective work convincingly showing how economists step outside from the welfarist framework when engaged with practice. The book thus challenges the common idea that economists have adopted a welfarist approach.' Herrade Igersheim-Chauvet, French National Center for Scientific Research

Descriere

This volume revisits the history of welfare economics, showing that economists have regularly drawn on ethical values for practical issues.