Bookplate inside the front cover. A former library book with all the expected stamps, stickers and markings. Some shelf, storage or usage wear present. The binding is tight and all pages are present. The pages appear aged but unmarked. Light staining on the page edges. Pictures available upon request. Individually inspected by Shay. Thanks for supporting an independent bookseller!

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Bibliographic Details

Title: Welfare Economics: Introduction and Development of Basic Concepts
Publisher: Palgrave HE UK
Publication Date: 1983
Language: English
ISBN 10: 0333345770
ISBN 13: 9780333345771
Binding: Soft cover
Edition: 2nd Edition
Condition: good

About this title

Synopsis

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.

About the Author

Yew-Kwang Ng is Personal Chair in Economics, Monash University, Australia.

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