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Economic Growth and Social Welfare : Operationalising Normative Social Choice Theory - Matthew Clarke

Economic Growth and Social Welfare

Operationalising Normative Social Choice Theory

By: Matthew Clarke (Editor), Sardar M. N. Islam (Editor)

Hardcover

Published: 1st March 2004
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This book studies the relationships between economic growth and social welfare and the policy implications of these relationships for development. Understanding the relationships between economic growth and social welfare is an enduring issue within contemporary development economics and welfare economics. These relationships are analysed in this book by operationalising normative social choice theory. Normative social choice theory is an appropriate approach as it explicitly incorporates society's preferences, values and choices in determining how social welfare should be defined and measured. Two approaches, aggregate and hierarchical, are developed and empirically applied to Thailand for a twenty-five year period 1975-1999. This book concludes
that in terms of social welfare, economic growth cannot always be assumed desirable. What is needed is social welfare enhancing economic growth. A review of the policy implications of this finding is also undertaken.

Operationalizes normative soical choice theory to explore the relationship between economic growth and social welfare, focusing on the case of Thailand over the period of 1975-79. Journal of Economic Literature, 2004.

Abbreviated
Introduction
Economic growth and social welfare in Thailand
Economic growth and social welfare: an aggregate approach
Empirical application of the aggregate approach
Economic growth and social welfare: A hierarchical approach
Contemporary development issues and economic growth
Welfare analysis of economic growth on social welfare
Conclusion and summary
Subject index
Table of Contents provided by Publisher. All Rights Reserved.

ISBN: 9780444515650
ISBN-10: 0444515658
Series: Contributions to Economic Analysis
Audience: Professional
Format: Hardcover
Language: English
Number Of Pages: 308
Published: 1st March 2004
Publisher: Emerald Publishing Limited
Country of Publication: GB
Dimensions (cm): 23.4 x 15.6  x 1.9
Weight (kg): 0.61