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Synopsis: This volume presents an approach to the evaluation of economic policies through the econometric modeling of aggregate consumer behavior. While the preferences of individual consumers are revealed by their market choices, these preferences can be recovered only by econometric methods, not through the index numbers used in the official statistics. The richer and more robust methodology presented in this volume provides a fruitful point of departure for future policy evaluations.
The econometric approach replaces ordinal measures of individual welfare that cannot be compared among individuals with cardinal measures that can. These are combined into an indicator of social welfare that reflects principles of horizontal and vertical equity. This approach unifies the measurement of poverty, inequality, and cost and standard of living. It extends the scope of normative economics to a broader range of issues in the evaluation of economic and social policies.
About the Author: Dale W. Jorgenson is Samuel W. Morris University Professor at Harvard University. He is the author of 24 books on economics, including Productivity volumes 1 and 2 (MIT Press, 1995). His collected papers have been published in ten volumes by the MIT Press, starting in 1995.
Title: Welfare, Vol. 2: Measuring Social Welfare
Publisher: The MIT Press
Publication Date: 1997
Book Condition: Used: Good
Book Description The MIT Press. Hardcover. Book Condition: Very Good. 0262100630 Total of 428 unmarked pages hardcover with a Dust Jacket. Bookseller Inventory # SKU1002477
Book Description MIT Press, 1997. Hardcover. Book Condition: Bon. Ancien livre de bibliothèque. Edition 1997. Tome 2. Ammareal reverse jusqu'à 15% du prix net de ce livre à des organisations caritatives. ENGLISH DESCRIPTION Book Condition: Used, Good. Former library book. Edition 1997. Tome 2. Ammareal gives back up to 15% of this book's net price to charity organizations. Bookseller Inventory # A-677-433
Book Description The MIT Press, 1997. Hardcover. Book Condition: Used: Good. Bookseller Inventory # SONG0262100630
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Book Description Mit Press Ltd, 31.05.1997., 1997. Book Condition: Neu. 460 Seiten Neu! - Versandfertig am nächsten Tag; Rechnung mit MwSt. liegt bei! Sprache: Englisch Gewicht in Gramm: 963 23,5 x 16,0 x 3,3 cm, Gebundene Ausgabe. Bookseller Inventory # 31054
Book Description The MIT Press, 1997. Hardcover. Book Condition: Good. Ships with Tracking Number! INTERNATIONAL WORLDWIDE Shipping available. May not contain Access Codes or Supplements. Buy with confidence, excellent customer service!. Bookseller Inventory # 0262100630