Behavioral economics has shown that individuals sometimes make decisions that are not in their best interests. This insight has prompted calls for behaviorally informed policy interventions popularized under the notion of "libertarian paternalism." This type of "soft" paternalism aims at helping...

1. Introduction -- 2. Conceptual background and welfare terminology -- 3. Other approaches to welfare economics -- 4. A positive basis : the learning theory of consumption -- 5. An evolutionary theory of welfare -- 6. Evolutionary welfare economics -- 7. Concluding remarks.

In the literature on Sen’s capability approach, studies focussing on the empirical measurement of conversion factors are comparatively rare. We add to this field by adopting a measure of “conversion efficiency” that captures the efficiency with which individuals convert their re-sources...

In the literature on Sen's capability approach, studies focussing on the empirical measurement of conversion factors are comparatively rare. We add to this field by adopting a measure of quot;conversion efficiencyquot; that captures the efficiency with which individuals convert their resources...