Freedom, Opportunity and Wellbeing

James Foster (fosterje@email.gwu.edu)

Working Papers from The George Washington University, Institute for International Economic Policy

Abstract: This paper reexamines key results from the measurement of opportunity freedom, or the extent to which a set of options offers a decision maker real opportunities to achieve. Three cases are investigated: no preferences, a single preference, and plural preferences. The three co the cardinality relation, the indirect utility relation, and the effective freedom relation variations are considered within a common axiomatic framework. Special attention is given to representations of freedom rankings, with the goal of providing practical approaches for measuring opportunity freedom and the extent of capabilities.key results from the measurement of opportunity freedom, or the extent to which a set of options offers a decision maker real opportunities to achieve. Three cases are investigated: no preferences, a single preference, and plural preferences. The three corresponding evaluation methods the cardinality relation, the indirect utility relation, and the effective freedom relation variations are considered within a common axiomatic framework. Special attention is given to rankings, with the goal of providing practical approaches for measuring opportunity freedom and the extent of capabilities.key results from the measurement of opportunity freedom, or the extent to which a set of options offers a decision maker real opportunities to achieve. Three cases are investigated: no rresponding evaluation methods the cardinality relation, the indirect utility relation, and the effective freedom relation and their variations are considered within a common axiomatic framework. Special attention is given to rankings, with the goal of providing practical approaches for measuring

Keywords: freedom; individual choices; welfare; capabilities; axiomatic approaches; orderings (search for similar items in EconPapers)
JEL-codes: D03 D63 I31 Z13 (search for similar items in EconPapers)
Pages: 38 pages
Date: 2010-04
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (6)

Published in University of Oxford, Poverty and Human Development Initiative, April 2010

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Working Paper: Freedom, Opportunity and Wellbeing (2010)
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Persistent link: https://EconPapers.repec.org/RePEc:gwi:wpaper:2010-15

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