Overview

This book inquires into the Capability Approach, a value theory of freedom, which crystalizes the interests of Marx, Welfare Economics, Social Choice, and Ethics. The capability approach has attracted many people as a promising interdisciplinary approach to human well-being and social worlds, finely overarching ethical and economic concerns. It has well challenged essential characteristics of welfare economics, which focuses on the criterion of efficiency with the concept of utility, by explicitly incorporating normative criteria such as agency, well-being and real freedom into positive analysis. However, it has a bit operational and methodological difficulties such that how to estimate an individual capability set which includes potential multi-dimensional functioning vectors. This book reminds the reader of what traditional economics has left behind, by examining historical backgrounds, scrutinizing philosophical foundations and providing an operational formulation of the capability approach: indispensable for understanding what the capability approach is about and what it can achieve.

Full Product Details

Author:   Reiko Gotoh
Publisher:   Springer Verlag, Singapore
Imprint:   Springer Verlag, Singapore
Edition:   1st ed. 2021
Volume:   46
Weight:   0.427kg
ISBN:  

9789811551420

ISBN 10:   9811551421
Pages:   258
Publication Date:   12 November 2021
Audience:   Professional and scholarly ,  Professional & Vocational
Format:   Paperback
Publisher's Status:   Active
Availability:   Manufactured on demand  
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Table of Contents

1 Introduction: Purpose and Summary.- 2  Welfare Economics and the Capability Approach.-  3 Specification and Measurement in the Capability Approach.- 4 An Economic Modeling of Individual Capability.- 5 Philosophical Modification of the Economic Modeling of the Capability Approach: Adaptation, Positionality, and Identity.- 6 From Rawls’s Social Contract to Sen’s Social Choice.- 7 Freedom and Death: Why Did She Not Apply for Public Assistance?.- 8 What Political Liberalism and the Welfare State Left Behind: Chance and Gratitud.- 9 The Birth and Growth of Modern Social Choice Theory: From Arrow to Sen.- 10 Final Remarks: Economic Philosophy of Amartya Sen.-  Epilogue.- References.- Appendix 1 The Capability Theory and Welfare Reform.- Appendix 2 A class of fair distribution rules `a la Rawls and Sen.- Appendix 3 Securing basic well-being for all.

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Author Information

Reiko Gotoh is a Professor at the Institute of Economic Research, Hitotsubashi University, Tokyo, since 2013. She holds a Ph.D. from Hitotsubashi University. Her research field is Philosophy in Economics, Normative Economics, Reconstruction of Welfare States. Her recent English publications are “Securing Basic Well-being for All,” Review of Social Economy, 76, 4 (with N. Yoshihara) “What political liberalism and the welfare state left behind: chance and gratitude”, H-U. Otto et.al. (eds.), Capability Promoting Policies Enhancing individual and social development, Policy Press. Against Injustice: The New Economics of Amartya Sen, Cambridge University Press, 2009 (co-edited). Social Bonds as Freedom, Berghahn Books (co-edited). In addition, she is the author of several Japanese books including The Capability Approach, Iwanami-shoten. Economic Philosophy of Well-being, Minerva Shobo, EconomicPhilosophy of Justice: Rawls and Sen, Toyo-keizai Inc., 2002. Amartya Sen: Economics & Ethics, Jikkyo Shuppan, 2001 (co-authored).

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