Articles liés à Welfare Economics

Welfare Economics - Couverture rigide

Boadway, Robin W.; Bruce, Neil

 
9780631133261: Welfare Economics

Présentation de l'éditeur

This clear and balanced introduction to welfare economics reflectsthe most recent advances in the field. Designed for third–yearundergraduate and graduate courses, it offers an extensivetreatment of both the theory of welfare economics and thetechniques for applying that theory to real problems.

The first part of the book presents a synthesis of the theory.Starting from the premise that the purpose of theory is to providecriteria for ordering alternative economic states, the authorsanalyse the relationship between individual and social orderings.They discuss the conditions of Pareto efficiency and optimality aswell as the ways in which market economies may fail to achieve aPareto optimal allocation of resources. They go on to evaluate thetheory of social welfare functions, paying particular attention torecent developments.

The second part of the book considers the principles of appliedwelfare economics. Developing the use of the compensating variationas their main tool, the authors discuss welfare change measurementin single–person and many–person economies. In the final chapterthey survey the recent literature on cost–benefit analysis.

Biographie de l'auteur

Robin W. Boadway is Professor of Economics, Queen′sUniversity, Ontario, Canada and
Neil Bruce is Professor of Economics, UCLA, USA.

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