Freedom in Welfare Economics

Yongsheng Xu

Frontiers of Economics in China-Selected Publications from Chinese Universities, 2016, vol. 11, issue 1, 104-122

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 (search for similar items in EconPapers)
JEL-codes: D61 D72 D78 (search for similar items in EconPapers)
Date: 2016
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Persistent link: https://EconPapers.repec.org/RePEc:fec:journl:v:11:y:2016:i:1:p:104-122

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