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Journal of Economic Literature - Book Review

JEL Volume. 51, Issue 1 | leftPrevious Review Next Review right

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Book(s) Reviewed

Preference, Value, Choice, and Welfare by Daniel M. Hausman

Published By: Cambridge and New York: Cambridge University Press
ISBN: 978-1-107-01543-2, cloth; 978-1-107-69512-2, pbk.
Date of Publication: 2012


Book Review Detail

Reviewed by: Robert Sugden of University of East Anglia
Review DOI: 10.1257/jel.51.1.190.r5
Review Pages: 197-99

Book Review Abstract

Robert Sugden of University of East Anglia reviews, "Preference, Value, Choice, and Welfare" by Daniel M. Hausman . The Econlit abstract of this book begins: "Examines the notion of preference in economics and explores how, on the one hand, preferences depend on beliefs, desires, emotions, intentions, reasons, and values, and how, on the other hand, preferences affect choices and welfare. Discusses preferences, comparative evaluations, and reasons; preference axioms and their implications; revealed-preference theory; preferences, decision theory, and consequentialism; game theory and consequentialism; constraints and counterpreferential choice; preference satisfaction and welfare; preferences in welfare economics; the psychology of choice; and constructing preferences. Hausman is Herbert A. Simon and Hilldale Professor of Philosophy at the University of Wisconsin, Madison. Index."


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Book Review Authors

Robert Sugden of University of East Anglia


JEL Classifications

D10: Household Behavior: General
D80: Information, Knowledge, and Uncertainty: General


Journal of Economic Literature


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