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Welfare Economics

Name: Welfare Economics
Brand: Palgrave Macmillan
SKU: 12043574
Price: 109.32 EUR
Availability: InStock
Author: Yew-Kwang Ng
ISBN: 9781349429431

Towards a More Complete Analysis

Yew-Kwang Ng

Jezik

Engleski

Knjiga Meki uvez

Libristo kod: 12043574

Nakladnici Palgrave Macmillan, siječanj 2004

Yew-Kwang Ng looks to make welfare economics more complete by discussing the recent inframarginal an... Cijeli opis

Libristo kod: 12043574

265 b

109.32 €

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Yew-Kwang Ng looks to make welfare economics more complete by discussing the recent inframarginal analysis of division of labour and by pushing welfare economics from the level of preference to that of happiness, making a reformulation of the foundation of public policy necessary. A theory of the third best is provided, with extension to the equality/efficiency issue. The remarkable conclusion of treating a dollar as a dollar provides a powerful simplification of public policy formulation in general and in cost-benefit analysis in particular.