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dc.contributor.authorSchubert, Christianen
dc.date.accessioned2009-12-08-
dc.date.accessioned2010-05-20T14:37:54Z-
dc.date.available2010-05-20T14:37:54Z-
dc.date.issued2009-
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
dc.language.isoengen
dc.publisher|aMax Planck Institute of Economics |cJenaen
dc.relation.ispartofseries|aPapers on Economics and Evolution |x0914en
dc.subject.jelD63en
dc.subject.jelD03en
dc.subject.jelB25en
dc.subject.ddc330en
dc.subject.keywordWelfare Economicsen
dc.subject.keywordEndogenous Preferencesen
dc.subject.keywordJoseph Schumpeteren
dc.subject.keywordCreative Destructionen
dc.titleWelfare creation and destruction in a Schumpeterian world-
dc.typeWorking Paperen
dc.identifier.ppn61449351Xen
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen

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