Social responsibility for living standards: Presidential address, association for social economics, 2007

Abstract

This address presents a vision of economics—drawing upon social, institutional, and feminist economics—that supports the assertion that there should be social responsibility for living standards. Alternative definitions of what an economy is and what economics should study are related to three definitions of living standards presented in Amartya Sen's 1985 Tanner Lectures on the topic. A social provisioning approach to economic life emphasizes that provisioning needs to be organized to promote human flourishing. One contemporary challenge is to do this in a manner that sustains caring and promotes gender equity.1 1 Following my Presidential Address and prior to publication, I have benefited from comments by Wilfred Dolfsma, Laurie Nisonoff, Nancy Folbre, Ellen Mutari, Martha Starr, and an anonymous reviewer.