The quantity of an individual's freedom is thought to coincide with the width of her opportunity set, and this is defined by taking account of budgetary, institutional and legal constraints to choices. A simple cardinal measure of freedom is proposed on the ground of which some exercises in...

Opportunity sets are defined by taking account of budgetary, institutional and legal constraints. Then a cardinal measure of freedom is proposed which is apt to interpersonal comparisons of opportunity sets. Individual choice freedom may expand when a new good is publicly provided free or at a...

Rethinking Economics is a major contribution to the reconstruction of an economic theory appropriate to the 21st century. Just as major changes are occurring in the world economy, economics itself is on the brink of change. Orthodox economics is now widely criticized for its sterility and its...