SOCIO-PSYCHOLOGICAL MEASURES OF RURAL QUALITY OF LIFE: A PROXY FOR MEASURING THE MARGINAL UTILITY OF INCOME

Wilmer M. Harper and Luther Tweeten

No 283649, 1977 AAEA-WAEA Joint Meeting, July 31-August 3, San Diego, California from American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association)

Abstract: Economics has been defined as the science of allocating scarce means among competing ends. Ultimate ends to be achieved in so far as possible may be defined as well-being, satisfaction, utility, or quality of life. It has become fashionable to divaricate economics into dimensions of efficiency and equity. Defined as increasing the size of the "pie" of goods and services, efficiency has received the lion's share of attention by economists --its study has been viewed as objective, precise and respectable.

Keywords: Public; Economics (search for similar items in EconPapers)
Pages: 17
Date: 1977-07
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Persistent link: https://EconPapers.repec.org/RePEc:ags:aaea77:283649

DOI: 10.22004/ag.econ.283649

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