The economics of freedom
Subtitle: theory, measurement, and policy implications
By: Sebastiano Bavetta, Pietro Navarra
Contributors: Navarra, Pietro
Publisher: Cambridge University Press
Published: 2012
Place of publication: New York
Language: eng
ISBN-13: 9781107017849
Subjects: Autonomy; Political aspects; Economics; Economic aspects; Liberty; BUSINESS & ECONOMICS / Economics / Macroeconomics
Description: "Whatis freedom? Canwemeasure it? Does it affect policy? This book develops an original measure of freedom called autonomy freedom, consistent with J. S. Mill's view of autonomy, and applies it to issues in policy and political design. The work pursues three aims. First, it extends classical liberalism beyond exclusive reliance on negative freedom so as to take autonomous behavior explicitly into account. Second, it is grounded on firm conceptual foundations a new standard in the measurement of freedom that can be fruitfully coupled with existing gauges. Third, it shows empirically that individual preferences for redistribution and cross-country differences in welfare spending in Organisation for Economic Cooperation and Development (OECD) countries are driven by the degree of autonomy freedom that individuals enjoy. By means of an interdisciplinary approach and a sophisticated econometric methodology, the book takes an explicit stand in defense of freedom and sets the basis for a liberalism based upon people, actions, and institution"--
Notes: Includes bibliographical references and index.
Table of contents: title: Machine generated contents note: 1. Introduction; Part I. Concepts and Tools: 2. Choice and freedom; 3. Measuring autonomy freedom; 4. The empirical measure of autonomy; Part II. Autonomy Freedom and the Welfare State: 5. Why redistribute?; 6. Autonomy freedom and redistribution; 7. Autonomy freedom and welfare spending; 8. Conclusion.