Freedom and Adaptive Preferences
Traditional welfare economics works with the assumption of the fully rational economic agent (homo economicus) whose preferences are fixed: that is, they are not influenced by their economic environment. To the contrary, this book presents a theory of welfare economics that maintains the principles...
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Routledge
2025
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| Acceso en línea: | Ver este registro en EBSCOhost |
| fields | @attributes: recordID: 1 pdfLink: plink: https://search.ebscohost.com/login.aspx?direct=true&db=nlebk&AN=4018772&site=ehost-live header: @attributes: shortDbName: nlebk uiTerm: 4018772 longDbName: eBook Collection (EBSCOhost) uiTag: AN controlInfo: bkinfo: btl: Freedom and Adaptive Preferences aug: au: Carl Christian von Weizsäcker sertl: The Graz Schumpeter Lectures isbn: 9781032726298 9781032726601 9781040104163 9781040104231 imageinfo: pubinfo: dt: @attributes: year: 2025 month: 01 day: 01 dtAvail: @attributes: year: 2024 month: 12 day: 05 pub: Routledge pubContract: Taylor & Francis (Unlimited) place: Abingdon, Oxon price: 0.01 limitsGroup: maxCheckoutDays: 1500 copyPages: -1 pda: N printPagesOffline: 60 printPagesOnline: 60 previewPages: 10000 prePubGroup: dewey: @attributes: class: 330.1556 item: 330 .1556 lc: @attributes: class: HB99.3 item: HB 99 .3 artinfo: ui: 4018772 1439037594 formats: fmt: – @attributes: type: EB doid: NL$4018772$PDF caption: PDF download: Y – @attributes: type: EK doid: NL$4018772$EPUB caption: EPUB download: Y tig: atl: Freedom and Adaptive Preferences ptl: Freedom and Adaptive Preferences aug: au: Carl Christian von Weizsäcker su: Economics--Psychological aspects Welfare economics Liberty sug: subj: BUSINESS & ECONOMICS / Economics / Theory Economics--Psychological aspects Welfare economics Liberty ab: Traditional welfare economics works with the assumption of the fully rational economic agent (homo economicus) whose preferences are fixed: that is, they are not influenced by their economic environment. To the contrary, this book presents a theory of welfare economics that maintains the principles of normative individualism while allowing for adaptive or changeable preferences.Why do economists talk of preferences? In this book, Carl Christian von Weizsäcker shows that the concept is intimately related to freedom of action. The concept of preferences is the mode by which normative economics introduces the idea of freedom or liberty into its theory of human interaction. Moreover, the economic research of recent decades has provided a large amount of experimental and other empirical findings – e.g. the work on bounded rationality – which contradicts the assumption of fixed preferences. This book argues that this large body of findings is consistent with the hypothesis of adaptive preferences. This, together with the proposition that adaptive preferences allow a generalization of traditional welfare economics, has implications for policy applications of behavioral economics based on “normative individualism”. Normative individualism is an approach which intrinsically connects with the value of liberty or freedom. It is argued that normative individualism is indispensable for a society of free citizens, thus providing the foundations of civil liberty.This book will be of great interest to readers of welfare economics, behavioral economics and economic theory.The Open Access version of this book, available at http://www.taylorfrancis.com, has been made available under a Creative Commons Attribution-NonCommercial-No Derivatives (CC-BY-NC-ND) 4.0 license. Any third party material in this book is not included in the OA Creative Commons license, unless indicated otherwise in a credit line to the material. Please direct any permissions enquiries to the original rightsholder. pubtype: eBook doctype: Book ougenre: Book language: English copyright: @attributes: flag: N copyrightText: holdings: @attributes: islocal: N |
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