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Social factors in epidemiology were largely ignored until Doyal, Navarro, and others proposed the theories of SPD and Political Economy of Health in the 1970s, [4] and Krieger later integrated these theories into her writings on Ecosocial Theory (1994, 2011). As described by Doyal, SPD consists of the following key constructs: (1) The ...
Social choice theory is a branch of welfare economics that extends the theory of rational choice to collective decision-making. [1] Social choice studies the behavior of different mathematical procedures ( social welfare functions ) used to combine individual preferences into a coherent whole.
Health can be considered a capital good; health capital is part of human capital as defined by the Grossman model. [30] Health can be considered both an investment good and consumption good. [31] Factors such as obesity and smoking have negative effects on health capital, while education, wage rate, and age may also impact health capital. [31]
Strong social connections and support systems are vital for maintaining good health. Friends, family, and community networks provide emotional support, practical assistance, and a sense of belonging, which buffer against stress and contribute to mental and physical well-being.
Arrow's impossibility theorem is a key result on social welfare functions, showing an important difference between social and consumer choice: whereas it is possible to construct a rational (non-self-contradictory) decision procedure for consumers based only on ordinal preferences, it is impossible to do the same in the social choice setting ...
The quality of health and how health is distributed among economic and social status in a society can provide insight into the level of development within that society. [5] Health is a basic human right and human need, and all human rights are interconnected. Thus, health must be discussed along with all other basic human rights. [6]
Social preferences describe the human tendency to not only care about one's own material payoff, but also the reference group's payoff or/and the intention that leads to the payoff. [1] Social preferences are studied extensively in behavioral and experimental economics and social psychology.
Economic Theory is a peer-reviewed academic journal that focuses on theoretical economics, particularly social choice, general equilibrium theory, and game theory. Mathematically rigorous articles are also published in the fields of experimental economics , public economics , international economics , development economics , and industrial ...