Commodities and capabilities
Author(s)
Bibliographic Information
Commodities and capabilities
（Professor Dr. P. Hennipman lectures in economics, v. 7）
North-Holland , Sole distributors for the U.S.A. and Canada, Elsevier Science Pub. Co., 1985
- : pbk
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Note
Bibliography: p. [107]-124
Includes indexes
Description and Table of Contents
Description
This monograph explores the foundations of welfare economics - in particular the assessment of personal well-being and advantage. Arguments are presented against the usual concentration on ``utility'' (as in traditional welfare economics) and on ``opulence'' (as in ``real income'' estimations and other normative measurements). An alternative framework is developed for the analysis of personal well-being based on assessing ``functionings'' and the ``capability to function'' - i.e. what a person can do or can be. The functionings considered vary from such basic biological performances as ``being well-nourished'' to such social achievements as ``being able to take part in the life of the community''. This exercise of comparing achievements and capabilities provides a structure for inter-personal comparisons of well-being. The book's critical appraisal of traditional methods combined with a newly developed framework throws new light on comparisons of well-being, and aids assessment of some international contrasts.
Table of Contents
1. Interest, Well-being and Advantage. 2. Commodities and Their Use. 3. Utility, Desire and Happiness. 4. Functioning and Well-being. 5. Valuation and Ranking. 6. Information and Interpretation. 7. Well-being and Advantage. Appendix A: Some International Comparisons. Appendix B: Well-being and Sex Bias in India. Subject Index. Name Index.
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