Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/149681
Authors: 
Edwards, José M.
Pellé, Sophie
Year of Publication: 
2011
Series/Report no.: 
CHOPE Working Paper 2011-05
Abstract: 
The aim of this paper is to explain the process of diversification of normative economics by presenting the work of two authors: Tibor Scitovsky [1910-2002] and Amartya Sen [1933-]. While these two authors first contributed to traditional welfare analysis from within, they were subsequently involved in the development of two different, and even opposed, programs: the economics of happiness and the capability approach. They focused on different concepts of well-being: the "joy" of satisfied consumers for Scitovsky, and the "capabilities" of deprived individuals for Sen. In imposing new theoretical frameworks, applications, as well as new concepts of well-being, which are measureable, the capability approach and the economics of happiness represent two major attempts to renew normative economic analysis.
Subjects: 
capabilities
happiness
Tibor Scitovsky
Amartya Sen
welfare economics
JEL: 
B20
B31
I30
Document Type: 
Working Paper

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