Measuring Human Well-being in Thailand: A Normative Social Choice Approach
Matthew Clarke
Journal of the Asia Pacific Economy, 2006, vol. 11, issue 2, 151-167
Abstract:
Numerous methods exist within the literature to measure human well-being. A limitation of some approaches however is that they fail to explicitly consider society's views, choices and preferences on how human well-being should be defined. It is possible though to explicitly incorporate society's value judgements in defining and measuring human well-being through normative social choice theory. Normative social choice theory reflects the views, opinions and perspectives of societies of differing economic and social circumstances so that measures of human well-being retain their relevance for public policy makers in those countries. This paper reviews two indicators based on this theory for Thailand over the 25 year period, 1975–1999. The first indicator focuses on certain hierarchical needs and the second is a measure of adjusted national income. It is concluded that both measures provide important insights.
Date: 2006
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Persistent link: https://EconPapers.repec.org/RePEc:taf:rjapxx:v:11:y:2006:i:2:p:151-167
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DOI: 10.1080/13547860600591028
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