A Survey of Welfare Economics, 1939–59

Mishan, E. J.

doi:10.1007/978-1-349-00278-8_4

Cited by 34 publications

(24 citation statements)

References 170 publications

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“…It was a great reading overall, but it was occasionally too cryptic and terse for a beginner to appreciate. I also read Edward Mishan's "A Survey of Welfare Economics, 1939-1959" [Mishan (1960], which was useful for the purpose of knowing what had been done at the frontier of welfare economics over the past 20 years. However, I found it disappointing that Mishan had to declare as follows: "While it continues to fascinate many, welfare economics does not appear at any time to have wholly engaged the labours of any one economist.…”

Section: Wb and Mf: What About Welfare Economics? How Did You Come To Bmentioning

confidence: 99%

An Interview with Kotaro Suzumura

Bossert

Fleurbaey

2014

Soc Choice Welf

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Kotaro Suzumura (KS): My education in economics began at Hitotsubashi University in 1962, which is one of the best national universities in Japan as far as the humanities and social sciences go. It was the good old days, and we were not trained in the way our students are trained nowadays. Many teachers talked more about their own interests rather than teaching standard courses and following a standard curriculum.I still remember the first day of the class on development economics taught by a senior professor, who I later learned was a famous scholar. It was an extreme example of non-standard education in these days. I was then a third year undergraduate. Without giving even a word of introduction, he turned his back to us and began to draw a colourful picture on the blackboard, which took more than thirty minutes. Students were puzzled and a stir ran through the classroom. When he completed his artistic work, what appeared on the blackboard was Siddhartha Gautama sitting on a lotus calyx. He turned to us and declared that it represented the economic nirvana. Without uttering any further word, he went out of the classroom to take a puff at a pipe. Needless to say, his theatrical performance took me by surprise. I could have enjoyed it if I had not been pressed by the strong innate desire to pursue my own interest in the performance characteristics of democratic methods of decision-making. I was aware that I could not do so without rigorous discipline if I were to aspire for a sensible academic career. Thus, I decided to spend more time in libraries than in classrooms if I found that the class was unlikely to serve to this end. As a consequence, I became more a self-trained scholar through books of my own choice rather than a well-trained scholar. Needless to say, there were several excellent classes, which helped me greatly in my search for scholarly endeavours. I was also fortunate enough to encounter a few excellent books on microeconomics and related disciplines in the library, which I found intellectually fascinating.

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Section: Wb and Mf: What About Welfare Economics? How Did You Come To Bmentioning

confidence: 99%

An Interview with Kotaro Suzumura

Bossert

Fleurbaey

2014

Soc Choice Welf

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“…This subject was extensively explored during the 1950s and 1960s by economists such as Scitovsky (1954Scitovsky ( , 1962, Galbraith (1958Galbraith ( , 1967 and Mishan (1960Mishan ( , 1967 who were interested in the welfare effects of affluence (Edwards, 2009). These economists and their followers claimed that economic theory, as defined by L. Robbins (i.e.…”

Section: Consumer Sovereignty the Producer Society And The Interdepmentioning

confidence: 99%

“…Two years after, in his survey of welfare economics, Mishan (1960) brought the subject put forward by Galbraith (1958) into discussions about normative economic analysis. He criticized the excessive formalization of the discipline, especially concerning welfare studies in affluent countries:…”

Section: Consumer Sovereignty the Producer Society And The Interdepmentioning

confidence: 99%

“…See Little (1950) for a critical reflection of both fields, Mishan (1960) Harsanyi (1955) and Sen (1970) started to explore different ways of reintroducing interpersonal comparisons to economic analysis. These varied reactions suggest that the radicalism of Robbins' attack contributed to the diversification of normative economic analysis.…”

Section: The "Ill-being" Of Welfare Economicsmentioning

confidence: 99%

“…Section 1.3 presents the main criticisms to the postulate of consumer sovereignty made by economists who were interested in the analysis of consumption in affluent contexts (such as E. Mishan, 1960Mishan, , 1967T. Scitovsky, 1962T.…”

Section: Introductionmentioning

confidence: 99%

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Capabilities for the Miserable; Happiness for the Satisfied

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Standard-Nutzungsbedingungen:Die Dokumente auf EconStor dürfen zu eigenen wissenschaftlichen Zwecken und zum Privatgebrauch gespeichert und kopiert werden.Sie dürfen die Dokumente nicht für öffentliche oder kommerzielle Zwecke vervielfältigen, öffentlich ausstellen, öffentlich zugänglich machen, vertreiben oder anderweitig nutzen.Sofern die Verfasser die Dokumente unter Open-Content-Lizenzen (insbesondere CC-Lizenzen) zur Verfügung gestellt haben sollten, gelten abweichend von diesen Nutzungsbedingungen die in der dort genannten Lizenz gewährten Nutzungsrechte. The aim of this paper is to explain the process of diversification of normative economics by presenting the work of two authors: Tibor Scitovsky and Amartya Sen [1933-]. While these two authors first contributed to traditional welfare analysis from within, they were subsequently involved in the development of two different, and even opposed, programs: the economics of happiness and the capability approach. They focused on different concepts of well-being: the "joy" of satisfied consumers for Scitovsky, and the "capabilities" of deprived individuals for Sen. In imposing new theoretical frameworks, applications, as well as new concepts of well-being, which are measureable, the capability approach and the economics of happiness represent two major attempts to renew normative economic analysis. Terms of use: Documents in

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A Survey of Welfare Economics, 1939–59

Cited by 34 publications

References 170 publications

An Interview with Kotaro Suzumura

An Interview with Kotaro Suzumura

Capabilities for the Miserable; Happiness for the Satisfied

Environmental Life-Cycle Assessment and Cost Analysis

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