The Theory of Social Choice and Welfare

ISBN 13: 9781405119139

The Theory of Social Choice and Welfare

9781405119139: The Theory of Social Choice and Welfare

"Theory of Social Choice and Welfare" is an ideal introduction to the area for graduate students of economics, politics, and philosophy, and researchers. Covering all of the essential topics, as well as detailed discussions of the Arrow-type aggregation problem as well as strategic manipulation and implementation (two of the main areas in the theory of social choice), it also provides a comprehensive discussion of the non-welfaristic issues of rights, freedom, and opportunity, for which no systematic textbook treatment is elsewhere available. The book also includes a discussion of several problems of measurement (monetary measures of individual welfare, national income and the standard of living, and the measurement of inequality and poverty), which constitute critical areas within applied welfare economics. With rigorous exposition, full proofs of all results, extended interpretive and intuitive discussions, exercises and suggestions for further reading, this textbook is an essential introduction to social choice and welfare theory.

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About the Author:

Bhaskar Dutta is Professor of Economics at The University of Warwick, and is editor of Welfare Economics (OUP 1995) and co-editor (with Debraj Ray and Dileep Mookherjee) of Theoretical Issues in Economic Development (OUP 1993). He is Associate Editor of the online journal Economics Bulletin and on the editorial board of the Bulletin of Economic Research . Prasanta Pattanaik is Professor of Economics at the University of California, Riverside. He has authored or edited six books, including Globalization, Culture, and the Limits of the Market (OUP, forthcoming) and Choice, Welfare, and Development (OUP, 1995). He is Managing Editor of the journal Social Choice and Welfare and on the editorial boards of the Journal of International Trade and Development and The Japanese Economic Review .

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