An Introduction to Modern Welfare Economics

By: Per-Olov Johansson

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Paperback | 21 October 1991

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192 Pages

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22.86 x 15.24 x 1.12

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This is the first book on welfare economics to be primarily intended for undergraduates. It explores such concepts as Pareto optimality in a market economy, the compensation criterion, and the social welfare function, and analyzes market failures using different ways of measuring welfare changes. The book covers public choice, and the issues of efficient provision of public goods, government failures, and efficient and optimal taxation, concluding with an examination of applied welfare economics, methods for revealing people's preferences, cost-benefit analysis, and project evaluation in a risky world.

Industry Reviews

'An undergraduate student ... would find this a very useful reference ...' The Economic Journal

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You Can Find This Book In

Non-Fiction Social Services & Welfare Social Welfare & Social Services Economics Economic Theory & Philosophy Economic History Microeconomics

Preface
Introduction
Pareto optimality in a market economy
The compensation principle and the social welfare function
Measuring welfare changes
Market failures - causes and welfare consequences
Public choice
A smorgasbord of further topics
How to overcome the problem of preference revelation: practical methodologies
Cost-benefit analysis
The treatment of risk
Appendix
References
Table of Contents provided by Publisher. All Rights Reserved.

An Introduction to Modern Welfare Economics

At a Glance

Paperback

Industry Reviews

Shipping

How to return your order

Defective items

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