TY - GEN N2 - 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. Reiko Gotoh is Professor at the Institute of Economic Research, Hitotsubashi University, Tokyo.-- DO - 10.1007/978-981-15-5140-6 DO - doi AB - 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. Reiko Gotoh is Professor at the Institute of Economic Research, Hitotsubashi University, Tokyo.-- T1 - Ethics and economics of the capability approach / AU - Gotō, Reiko, VL - volume 46 CN - HD75 ID - 1432496 KW - Capabilities approach (Social sciences) KW - Welfare economics. KW - Philosophy and social sciences. KW - Capabilités (Sciences sociales) KW - Économie du bien-être. KW - Philosophie et sciences sociales. SN - 9789811551406 SN - 9811551405 TI - Ethics and economics of the capability approach / LK - https://univsouthin.idm.oclc.org/login?url=https://link.springer.com/10.1007/978-981-15-5140-6 UR - https://univsouthin.idm.oclc.org/login?url=https://link.springer.com/10.1007/978-981-15-5140-6 ER -