Routledge Elements of Evolutionary Theory of Welfare - Routledge

This Routledge academic text addresses a fundamental challenge in economics: measuring individual and social welfare when human preferences are inconsistent and context-dependent. Moving beyond traditional welfare economics, which assumes stable preferences, the book incorporates insights from behavioural economics to explore alternative frameworks for assessing welfare. It examines how preference inconsistencies affect welfare measurement and whether new approaches are needed when traditional preference satisfaction no longer serves as a reliable measuring rod. Ideal for economists, academics, and students studying welfare theory, behavioural economics, and economic policy, this volume contributes to the advancing field of social economics by providing rigorous theoretical analysis of how welfare can be properly evaluated in modern economic contexts where human behaviour defies conventional assumptions.