Routledge Elements of an Evolutionary Theory of Welfare Book

Traditional economic models often rely on the assumption that individual preferences remain constant when measuring social welfare. However, modern behavioral economics suggests that human behavior is often inconsistent and dependent on context. This book, part of the Routledge Advances in Social Economics series, addresses these challenges by questioning the standard measuring rods used in the field. Instead of focusing solely on fixed preferences, this work explores the need for new ways to assess individual welfare when preferences change over time. It provides a deep look into how economic theory can adapt to the realities of human behavior. This is an essential resource for students, researchers, and professionals interested in the evolution of welfare assessment and the intersection of behavioral science and social economics.