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Revealed meta-preferences : axiomatic foundations of normative assessments in the capability approach

Abstract:

This paper explores the possibility of defining a non-utilitarian normative standard for assessments of welfare and deprivation. The paper contributes to this end in three ways. First, the paper formalises a key aspect of Prof. Sen’s critique of neoclassical welfare economics, regarding the assumption of consistent utility-maximisation in the revealed preference theory. Secondly, the paper explores alternative formulations of the axiom of revealed preferences that are consistent with Prof....

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Publication status:
Published
Peer review status:
Not peer reviewed

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Institution:
University of Oxford
Division:
SSD
Department:
International Development
Research group:
Oxford Poverty and Human Development Initiative (OPHI)
Role:
Author
Publisher:
Oxford Poverty & Human Development Initiative (OPHI) Publisher's website
Series:
OPHI research in progress
Publication date:
2011-01-01
Paper number:
26b
Language:
English
Keywords:
UUID:
uuid:118caaf6-0ae4-42f1-a65b-be9fe71fea54
Local pid:
ora:9511
Deposit date:
2014-12-04

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