Freedom in Welfare Economics

Yongsheng Xu

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PDF(375 KB)
Front. Econ. China ›› 2016, Vol. 11 ›› Issue (1) : 104-122. DOI: 10.3868/s060-005-016-0007-7
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Freedom in Welfare Economics

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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

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Yongsheng Xu. Freedom in Welfare Economics. Front. Econ. China, 2016, 11(1): 104‒122 https://doi.org/10.3868/s060-005-016-0007-7

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2014 Higher Education Press and Brill
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