Extending the Informational Basis of Welfare Economics: The Case of Preference Dynamics
Ulrich Witt and
Christian Schubert ()
Papers on Economics and Evolution from Philipps University Marburg, Department of Geography
Normative reasoning in welfare economics and social contract theory usually presumes invariable, context-independent individual preferences. Following recent work particularly in behavioral economics this assumption is difficult to defend. This paper therefore explores what can be said about preferences and their changes from a motivation-theoretic perspective, i.e. by explaining what motivates economic agents in making their choices and what mechanisms of change are at work here. We show that on this basis it is possible to complement social welfare assessments by a differential weighing of different human motivations which is derived from empirically informed foundations rather than from ad hoc arguments.
Keywords: Preference Change; Welfare; Needs; Subsistence Level; Redistribution Length 31 pages (search for similar items in EconPapers)
JEL-codes: D63 O12 (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-evo, nep-hpe and nep-pke
References: Add references at CitEc
Citations: View citations in EconPapers (6) Track citations by RSS feed
Downloads: (external link)
This item may be available elsewhere in EconPapers: Search for items with the same title.
Export reference: BibTeX
RIS (EndNote, ProCite, RefMan)
Persistent link: https://EconPapers.repec.org/RePEc:esi:evopap:2010-05
Access Statistics for this paper
More papers in Papers on Economics and Evolution from Philipps University Marburg, Department of Geography Deutschhausstrasse 10, 35032 Marburg. Contact information at EDIRC.
Bibliographic data for series maintained by Christoph Mengs ( this e-mail address is bad, please contact ).