Binder, Martin; Coad, Alexander - Max-Planck-Gesellschaft zur Förderung der Wissenschaften - 2010
There is an ambiguity in Amartya Sen's capability approach as to what constitutes an in-dividual's resources, conversion factors and valuable functionings. What we here call the\circularity problem" points to the fact that all three concepts seem to be mutually en-dogenous and interrelated. All...