Functioning, capability and the standard of living -- an axiomatic approach
type: Item
instance of: scholarly article
title: Functioning, capability and the standard of living -- an axiomatic approach
zbMATH Open document ID: 1031.91021
author: Yongsheng Xu
published in: Economic Theory
publication date: 2003-03-25T00:00:00Z
review text: Comparisons of a living standard traditionally take either an opulence or an utility approach. In the opulence view an agent's living standard is judged by his commanding of wealth and income. In the utility view of the living standard, an agent's standard is based on the utility generated by his consumption of commodities . Both above mentioned views have been critically discussed in the paper by \textit{A. K. Sen} [Commodities and capabilities. Amsterdam: North Holland (1985)] where he proposes a functioning-capability approach. In the present article Sen's approach to the problem of measuring the living standard is applied. According to Sen's method the living standard in the functioning-capability approach concerns both the freedom aspect of the living and the actual functioning of the living conditions. The author tried incorporate these two important ingredients of the living conditions into formulation of some axioms.
reviewed by: Sergei Georgievich Zhuravlev
Mathematics Subject Classification ID: 91B08
zbMATH DE Number: 1887574
zbMATH Keywords: the standard of living
zbMATH Keywords: capability
zbMATH Keywords: functioning
zbMATH Keywords: quasiordering
MaRDI profile type: Publication
full work available at URL: s001990100221
OpenAlex ID: W2021245056
DOI: 10.1007/S001990100221
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description: scientific article; zbMATH DE number 1887574