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Synopsis
This ambitious work presents a critique of traditional welfare theory and proposes a new approach to it. Radical economists Robin Hahnel and Michael Albert argue that an improved theory of social welfare can consolidate and extend recent advances in microeconomic theory, and generate exciting new results as well. The authors show that once the traditional "welfare paradigm" is appropriately modified, a revitalized welfare theory can clarify the relationship between individual and social rationalitya task that continues to be of interest to mainstream and nonmainstream economists alike. Hahnel and Albert show how recent work in the theory of the labor process, externalities, public goods, and endogenous preferences can advance research in welfare theory. In a series of important theorems, the authors extend the concept of Pareto optimality to dynamic contexts with changing preferences and thus highlight the importance of institutional bias. This discussion provides the basis for further analysis of the properties and consequences of private and public enterprise and of markets and central planning. Not surprisingly, Hahnel and Albert reach a number of conclusions at odds with conventional wisdom.
Originally published in 1990.
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- PublisherPrinceton University Press
- Publication date1990
- ISBN 10 0691042527
- ISBN 13 9780691042527
- BindingHardcover
- LanguageEnglish
- Edition number1
- Number of pages452
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Quiet Revolution in Welfare Economics
Published by
Princeton University Press, 1990
ISBN 10: 0691042527
ISBN 13: 9780691042527
Used
Hardcover
Seller: Better World Books: West, Reno, NV, U.S.A.
Seller rating 5 out of 5 stars
Condition: Good. Former library book; may include library markings. Used book that is in clean, average condition without any missing pages. Seller Inventory # 752572-6
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Stock Image
Quiet Revolution in Welfare Economics
Published by
Princeton University Press, 1990
ISBN 10: 0691042527
ISBN 13: 9780691042527
Used
Hardcover
Seller: Better World Books, Mishawaka, IN, U.S.A.
Seller rating 5 out of 5 stars
Condition: Good. Former library book; may include library markings. Used book that is in clean, average condition without any missing pages. Seller Inventory # 752572-6
Quantity: 1 available
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Quiet Revolution in Welfare Economics
Published by
Princeton University Press, Princeton, NJ, 1990
ISBN 10: 0691042527
ISBN 13: 9780691042527
Used
Hardcover
Seller: Montana Book Company, Fond du Lac, WI, U.S.A.
Seller rating 5 out of 5 stars
Cloth. Condition: Very Good. 440 pp. Tightly bound. Corners not bumped. Text is free of markings. Note: This book is from a smoker's library. Seller Inventory # 053943
Quantity: 1 available
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Quiet Revolution in Welfare Economics (Princeton Legacy Library)
Published by
Princeton University Press, 1990
ISBN 10: 0691042527
ISBN 13: 9780691042527
Used
Hardcover
Seller: Phatpocket Limited, Waltham Abbey, HERTS, United Kingdom
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Condition: Acceptable. Used - Acceptable. Dust cover damaged. Your purchase helps support Sri Lankan Children's Charity 'The Rainbow Centre'. Ex-library with wear and barcode page may have been removed. Our donations to The Rainbow Centre have helped provide an education and a safe haven to hundreds of children who live in appalling conditions. Seller Inventory # Z1-C-042-02846
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Quiet Revolution in Welfare Economics (Princeton Legacy Library)
Published by
Princeton University Press, 1990
ISBN 10: 0691042527
ISBN 13: 9780691042527
Used
Hardcover
First Edition
Seller: Aeon Bookstore, New York, NY, U.S.A.
Seller rating 5 out of 5 stars
An excellent copy of this text presenting a critique of traditional welfare theory, written by radical economists Robin Hahnel and Michael Albert. The book critically examines welfare economics and proposes a new framework that addresses its limitations. Hardcover, 452pgs. Binding solid and sturdy despite a very slight lean. Interior clean and unmarked. Boards clean and firm. Dust jacket in very good condition with some light rubbing and scuffing only visible in bright light, and a small minor crease on the bottom edge of the front panel. Overall a crisp edition of this comprehensive resource. Seller Inventory # ABE-1749048338337
Quantity: 1 available