Abstract
The author believes in the measurability of welfare (also called satisfaction or utility). Measurements have been made in the United States (Jorgenson and collaborators), France (Allais), and the Netherlands (Van Praag and collaborators). The Israeli sociologists Levy and Guttman have shown that numerous noneconomic variables are among the determinants of welfare. The determinants are numerous; the author proposes a list of about fifty. Various mathematical functions have been proposed, of which the logarithm of the determinants shows the highest correlation with welfare, as measured.
Sign-in/Register to access full text options 
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Schedule a callDisclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.
