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Welfare Economics Paperback - 1991
by R. F. Boadway; Bruce Niel
- Used
- Acceptable
- Paperback
Description
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Details
- Title Welfare Economics
- Author R. F. Boadway; Bruce Niel
- Binding Paperback
- Edition First Edition
- Condition Used - Acceptable
- Pages 368
- Volumes 1
- Language ENG
- Publisher Wiley & Sons, Incorporated, John, Great Britain
- Date 1991
- Illustrated Yes
- Features Illustrated, Index, Table of Contents
- Bookseller's Inventory # G0631133275I5N00
- ISBN 9780631133278 / 0631133275
- Weight 1.19 lbs (0.54 kg)
- Dimensions 8.97 x 6.01 x 0.9 in (22.78 x 15.27 x 2.29 cm)
- Library of Congress subjects Welfare economics
- Library of Congress Catalog Number 85010778
- Dewey Decimal Code 330.155
From the rear cover
The first part of the book presents a synthesis of the theory. Starting from the premise that the purpose of theory is to provide criteria for ordering alternative economic states, the authors analyse the relationship between individual and social orderings. They discuss the conditions of Pareto efficiency and optimality as well as the ways in which market economies may fail to achieve a Pareto optimal allocation of resources. They go on to evaluate the theory of social welfare functions, paying particular attention to recent developments.
The second part of the book considers the principles of applied welfare economics. Developing the use of the compensating variation as their main tool, the authors discuss welfare change measurement in single-person and many-person economies. In the final chapter they survey the recent literature on cost-benefit analysis.