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Human Well-Being and Economic Goals (Frontier Issues in Economic Thought)


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#3093355 in eBooks 2013-02-22 2013-02-22File Name: B00CAKINZM1 of 2 people found the following review helpful. Analytical summaries of the best of the literatureBy Kenneth Prewitt The Frontier Issues in Economic Thought summaries, along with the overview essays, provide a markedly different service from the standard collection of abstracts. The series will benefit not only scholarly work but the application of our best thinking to the problems of the times.Kenneth Prewitt, President, Social Sciences Research CouncilAbout the AuthorFrank Ackerman is senior research associate at the Global Development And Environment Institute at Tufts University. David Kiron is research associate at the Global Development And Environment Institute at Tufts University. Neva R. Goodwin is co-director of the Global Development AWhat are the ends of economic activity? According to neoclassical theory, efficient interaction of the profit-maximizing "ideal producer" and the utility-maximizing "ideal consumer" will eventually lead to some sort of social optimum. But is that social optimum the same as human well-being? Human Well-Being and Economic Goals addresses that issue, considering such questions as:Does the maximization of individual welfare really lead to social welfare?How can we deal with questions of relative wel...

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