Development economics versus welfare economics: a different philosophy of life

This article makes use of the theory of three relevant authors, David Hume,
Adam Smith and Jeremy Bentham, to show that the stress laid on development
economics versus microeconomic analysis by different authors is based
on their different philosophy of life and their concept of human beings. Microeconomic
theory implies a utilitarian or environmentalist concept of man, and
it is useless to study economic development. Just as an example, it relies on
subjective and deterministic hypotheses. A theory based on utility can only
explain parallel and irregular states, in some sense exceptional.
Journal: 
18
Authors: 
Estrella TRINCADO AZNAR
Attached file: 

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