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Individual Choice and Social Welfare: Theoretical Foundations of Political Economy

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Individual Choice and Social Welfare: Theoretical Foundations of Political Economy

A Research Literature Review

9781839100772 Edward Elgar Publishing
Edited by Viktor J. Vanberg, Professor Emeritus, The University of Freiburg and Member of the Board, Walter Eucken Institut, Freiburg, Germany
Publication Date: 2019 ISBN: 978 1 83910 077 2 Extent: c 128 pp
This important research literature review discusses some of the most prominent literature in the field of individual choice and economic welfare. It analyses material exploring how economics as a scientific enterprise may inform political decision-making. The premise is explored paradigmatically through different interpretations including utility-individualism in the context of welfare economics, preference-individualism in social choice theory, and choice-individualism in constitutional economics. The review covers the foundational literature as well as contemporary pieces, which have sparked further discussion in the field. This review will be valuable to researchers and scholars alike as well as to all those gravitating towards this fascinating topic.

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This important research literature review discusses some of the most prominent literature in the field of individual choice and economic welfare. It analyses material exploring how economics as a scientific enterprise may inform political decision-making. The premise is explored paradigmatically through different interpretations including utility-individualism in the context of welfare economics, preference-individualism in social choice theory, and choice-individualism in constitutional economics. The review covers the foundational literature as well as contemporary pieces, which have sparked further discussion in the field. This review will be valuable to researchers and scholars alike as well as to all those gravitating towards this fascinating topic.
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