Welfare Economics: Introduction and Development of Basic Concepts This book is in very good condition and will be shipped within 24 hours of ordering. The cover may have some limited signs of wear but the pages are clean, intact and the spine remains undamaged. This book has clearly been well maintained and looked after thus far. Money back guarantee if you are not satisfied. See all our books here, order more than 1 book and get discounted shipping. .

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Bibliographic Details

Title: Welfare Economics: Introduction and Development of Basic Concepts
Publisher: Palgrave
Publication Date: 1983
Language: English
ISBN 10: 0333345770
ISBN 13: 9780333345771
Binding: Paperback
Edition: 2nd Edition
Condition: Very 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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