Essays on Individual Decision Making and Social Welfare Details
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CAIRO BOOKS's Description
These essays by eminent economist Prasanta K. Pattanaik deal with two distinct
areas: (i) the theory of decision making by individuals; and (ii) welfare
economics and the theory of social choice. The papers in the first group are
all concerned with situations outside the conventional frameworks of rational
choice under perfect certainty and uncertainty.
Essays in the second group are concerned with the classical problem of
aggregation of preferences and welfare judgments. Some deal with the formal
modeling of individual rights, and the measurement of freedom--concluding with
measurement of living standards.
The volume will be useful to researchers and students of welfare economics.
Besides economists, students and teachers of psychology, political science, and
philosophy will also find them of interest.
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