Beyond GDP: The quest for a measure of social welfare. Part II

M. Fleurbaey

doi:10.32609/0042-8736-2012-3-32-51

Beyond GDP: The quest for a measure of social welfare. Part II

M. Fleurbaey

Research output: Contribution to journal › Article › peer-review

2 Scopus citations

Abstract

The second part of the paper is devoted to the non-monetary indicators of social welfare. Various approaches to the study of subjective well-being and happiness are described. The author shows what problems a researcher would encounter trying to analyze welfare on the micro-level and to take account of the cognitive and affective aspects of the individuals assessment of their well-being, as well as the relevance of social relations. The author also shows to what extent the alternative approaches, particularly the analysis of functionings and capabilities advanced by A. Sen are compatible to the modern welfare economics and what prospects the latter has.

Original language	English (US)
Pages (from-to)	32-51
Number of pages	20
Journal	Voprosy Ekonomiki
Volume	2012
Issue number	3
DOIs	https://doi.org/10.32609/0042-8736-2012-3-32-51
State	Published - 2012
Externally published	Yes

All Science Journal Classification (ASJC) codes

Economics and Econometrics
General Economics, Econometrics and Finance
History
Business and International Management

Keywords

Capabilities
Functionings
GDP alternatives
Happiness studies
Subjective well-being

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10.32609/0042-8736-2012-3-32-51

Cite this

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AB - The second part of the paper is devoted to the non-monetary indicators of social welfare. Various approaches to the study of subjective well-being and happiness are described. The author shows what problems a researcher would encounter trying to analyze welfare on the micro-level and to take account of the cognitive and affective aspects of the individuals assessment of their well-being, as well as the relevance of social relations. The author also shows to what extent the alternative approaches, particularly the analysis of functionings and capabilities advanced by A. Sen are compatible to the modern welfare economics and what prospects the latter has.

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Beyond GDP: The quest for a measure of social welfare. Part II

Abstract

All Science Journal Classification (ASJC) codes

Keywords

Access to Document

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