Symposium on Amartya Sen's philosophy: 2 unstrapping the straitjacket of ‘preference’: A comment on Amartya Sen's contributions to philosophy and economics

Economics and Philosophy 17 (1):21-38 (2001)
Abstract
The concept of preference dominates economic theory today. It performs a triple duty for economists, grounding their theories of individual behavior, welfare, and rationality. Microeconomic theory assumes that individuals act so as to maximize their utility – that is, to maximize the degree to which their preferences are satisfied. Welfare economics defines individual welfare in terms of preference satisfaction or utility, and social welfare as a function of individual preferences. Finally, economists assume that the rational act is the act that maximally satisfies an individual's preferences. The habit of framing problems in terms of the concept of preference is now so entrenched that economists rarely entertain alternatives.
Keywords No keywords specified (fix it)
Categories (categorize this paper)
Options
 Save to my reading list
Follow the author(s)
My bibliography
Export citation
Find it on Scholar
Edit this record
Mark as duplicate
Revision history Request removal from index
 
Download options
PhilPapers Archive


Upload a copy of this paper     Check publisher's policy on self-archival     Papers currently archived: 9,360
External links
  •   Try with proxy.
  •   Try with proxy.
  • Through your library Configure
    References found in this work BETA

    No references found.

    Citations of this work BETA
    Similar books and articles
    Amartya Sen (2009). Economics, Law, and Ethics. In Reiko Gotoh & Paul Dumouchel (eds.), Against Injustice: The New Economics of Amartya Sen. Cambridge University Press.
    Mozaffar Qizilbash (2007). Social Choice and Individual Capabilities. Politics, Philosophy and Economics 6 (2):169-192.
    Analytics

    Monthly downloads

    Added to index

    2009-01-28

    Total downloads

    108 ( #7,707 of 1,088,854 )

    Recent downloads (6 months)

    3 ( #30,953 of 1,088,854 )

    How can I increase my downloads?

    My notes
    Sign in to use this feature


    Discussion
    Start a new thread
    Order:
    There  are no threads in this forum
    Nothing in this forum yet.