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  • Open Daily: 10am - 10pm
    Alley-side Pickup: 10am - 7pm

    3038 Hennepin Ave Minneapolis, MN
    612-822-4611

Open Daily: 10am - 10pm | Alley-side Pickup: 10am - 7pm
3038 Hennepin Ave Minneapolis, MN
612-822-4611
The Standard of Living

The Standard of Living

Hawthorn, Geoffrey
Sen, Amartya K.

Paperback

Series: Tanner Lectures in Human Values

PhilosophyEconomics

ISBN10: 0521368405
ISBN13: 9780521368407
Publisher: Cambridge University Press
Published: Dec 8 1988
Pages: 140
Weight: 0.41
Height: 0.36 Width: 5.25 Depth: 8.83
Language: English
Amartya Sen argues that the standard of living has been poorly understood and narrowly defined; it is not just a function of opulence, and cannot be seen as utility. It is, he suggests, the capabilities offered in states of affairs. In his comments, Bernard Williams considers the conceptual connections among Sen's capabilities, economic welfare, and the broader notion of well-being, and asks whether the notion raises questions of justice. Ravi Kanbur considers the implications of the uncertainty in the choice that might be thought to be one desirable capability. John Muellbauer offers a specification of choice, and discusses the importance, for assessing capabilities, of the relation between preferences and constraints and between preferences themselves. Keith Hart explores the issue for those societies in which economic life is not fully commoditized and in which, therefore, it does not always make sense to reduce things to a price. Sen concludes with replies to these comments.

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