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Frontiers of Economics in China

Front. Econ. China    2016, Vol. 11 Issue (1) : 104-122     DOI: 10.3868/s060-005-016-0007-7
Orginal Article |
Freedom in Welfare Economics
Yongsheng Xu()
Department of Economics, Andrew Young School of Policy Studies, Georgia State University, Atlanta, GA 30303, USA
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Abstract

This paper discusses the recent economics literature on ranking opportunity sets in terms of freedom. It focuses on (i) the intuitive significance of freedom in assessing economic and public policies, (ii) the measurement of freedom offered by various opportunity sets, and (iii) the conception of opportunity set in a world of interdependence among individuals. This paper also points out some open issues and problems that deserve further investigations.

Keywords freedom      preference      utility      measurement of freedom     
Issue Date: 22 March 2016
 Cite this article:   
Yongsheng Xu. Freedom in Welfare Economics[J]. Front. Econ. China, 2016, 11(1): 104-122.
 URL:  
http://journal.hep.com.cn/fec/EN/10.3868/s060-005-016-0007-7
http://journal.hep.com.cn/fec/EN/Y2016/V11/I1/104
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