EconStor >
Max-Planck-Institut für Ökonomik, Jena >
Papers on Economics and Evolution, MPI für Ökonomik >

Please use this identifier to cite or link to this item:

http://hdl.handle.net/10419/32638
  

Full metadata record

DC FieldValueLanguage
dc.contributor.authorSchubert, Christianen_US
dc.date.accessioned2009-12-08en_US
dc.date.accessioned2010-05-20T14:37:54Z-
dc.date.available2010-05-20T14:37:54Z-
dc.date.issued2009en_US
dc.identifier.urihttp://hdl.handle.net/10419/32638-
dc.description.abstractEconomic change, while creating innovation and growth, at the same time generates gales of creative destruction. It is still largely unclear what this concept implies for the task of assessing welfare (and, correspondingly, the need for and scope of policy-making) in a novelty-generating, knowledge-based economy. By examining Joseph Schumpeter's explicit and implicit reasoning on welfare and linking his thoughts to recent ideas, within normative economics, about how to redefine well-being when preferences are variable and inconsistent, we argue that in an evolving economy, well-being should not be conceptualized in static preference-satisfaction terms, but rather in partly procedural terms of effective preference learning.en_US
dc.language.isoengen_US
dc.publisherMax-Planck-Inst. für Ökonomik Jenaen_US
dc.relation.ispartofseriesPapers on economics and evolution 0914en_US
dc.subject.jelD63en_US
dc.subject.jelD03en_US
dc.subject.jelB25en_US
dc.subject.ddc330en_US
dc.subject.keywordWelfare Economicsen_US
dc.subject.keywordEndogenous Preferencesen_US
dc.subject.keywordJoseph Schumpeteren_US
dc.subject.keywordCreative Destructionen_US
dc.titleWelfare creation and destruction in a Schumpeterian worlden_US
dc.typeWorking Paperen_US
dc.identifier.ppn61449351Xen_US
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungen-
Appears in Collections:Papers on Economics and Evolution, MPI für Ökonomik

Files in This Item:
File Description SizeFormat
61449351X.pdf547.26 kBAdobe PDF
No. of Downloads: Counter Stats
Show simple item record
Download bibliographical data as: BibTeX

Items in EconStor are protected by copyright, with all rights reserved, unless otherwise indicated.