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An Introduction To Modern Welfare Economics
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Book Synopsis An Introduction to Modern Welfare Economics by : Per-Olov Johansson
Download or read book An Introduction to Modern Welfare Economics written by Per-Olov Johansson and published by Cambridge University Press. This book was released on 1991-08-22 with total page 194 pages. Available in PDF, EPUB and Kindle. Book excerpt: This is the first book in welfare economics to be primarily intended for undergraduates and non-specialists. Concepts such as Pareto optimality in a market economy, the compensation criterion, and the social welfare function are explored in detail. Market failures are analysed by using different ways of measuring welfare changes. The book also examines public choice, and the issues of provision of public goods, median voter equilibrium, government failures, efficient and optimal taxation, and intergenerational equity. The three final chapters are devoted to applied welfare economics: methods for revealing people's preferences, cost-benefit analysis, and project evaluation in a risky world. The book is intended for introductory and intermediate courses in welfare economics, microeconomics, and public economics. It will also be suitable for courses in health economics, environmental economics, and cost-benefit analysis, as well as those undertaking project evaluations in government agencies and private firms.
Book Synopsis Welfare Economics and Social Choice Theory by : Allan M. Feldman
Download or read book Welfare Economics and Social Choice Theory written by Allan M. Feldman and published by Springer Science & Business Media. This book was released on 2006-06-14 with total page 401 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book covers the main topics of welfare economics — general equilibrium models of exchange and production, Pareto optimality, un certainty, externalities and public goods — and some of the major topics of social choice theory — compensation criteria, fairness, voting. Arrow's Theorem, and the theory of implementation. The underlying question is this: "Is a particular economic or voting mechanism good or bad for society?" Welfare economics is mainly about whether the market mechanism is good or bad; social choice is largely about whether voting mechanisms, or other more abstract mechanisms, can improve upon the results of the market. This second edition updates the material of the first, written by Allan Feldman. It incorporates new sections to existing first-edition chapters, and it includes several new ones. Chapters 4, 6, 11, 15 and 16 are new, added in this edition. The first edition of the book grew out of an undergraduate welfare economics course at Brown University. The book is intended for the undergraduate student who has some prior familiarity with microeconomics. However, the book is also useful for graduate students and professionals, economists and non-economists, who want an overview of welfare and social choice results unburdened by detail and mathematical complexity. Welfare economics and social choice both probably suffer from ex cessively technical treatments in professional journals and monographs.
Book Synopsis Welfare Theory, Public Action, and Ethical Values by : Roger E. Backhouse
Download or read book Welfare Theory, Public Action, and Ethical Values written by Roger E. Backhouse and published by Cambridge University Press. This book was released on 2021-03-25 with total page 350 pages. Available in PDF, EPUB and Kindle. Book excerpt: This innovative history of welfare economics challenges the view that welfare economics can be discussed without taking ethical values into account. Whatever their theoretical commitments, when economists have considered practical problems relating to public policy, they have adopted a wider range of ethical values, whether equality, justice, freedom, or democracy. Even canonical authors in the history of welfare economics are shown to have adopted ethical positions different from those with which they are commonly associated. Welfare Theory, Public Action, and Ethical Values explores the reasons and implications of this, drawing on concepts of welfarism and non-welfarism developed in modern welfare economics. The authors exemplify how economic theory, public affairs and political philosophy interact, challenging the status quo in order to push economists and historians to reconsider the nature and meaning of welfare economics.
Book Synopsis Welfare Economics by : R. F. Boadway
Download or read book Welfare Economics written by R. F. Boadway and published by Wiley-Blackwell. This book was released on 1991-01-08 with total page 356 pages. Available in PDF, EPUB and Kindle. Book excerpt: This clear and balanced introduction to welfare economics reflects the most recent advances in the field. Designed for third-year undergraduate and graduate courses, it offers an extensive treatment of both the theory of welfare economics and the techniques for applying that theory to real problems. The first part of the book presents a synthesis of the theory. Starting from the premise that the purpose of theory is to provide criteria for ordering alternative economic states, the authors analyse the relationship between individual and social orderings. They discuss the conditions of Pareto efficiency and optimality as well as the ways in which market economies may fail to achieve a Pareto optimal allocation of resources. They go on to evaluate the theory of social welfare functions, paying particular attention to recent developments. The second part of the book considers the principles of applied welfare economics. Developing the use of the compensating variation as their main tool, the authors discuss welfare change measurement in single-person and many-person economies. In the final chapter they survey the recent literature on cost-benefit analysis.
Book Synopsis An Introduction to Modern Economics by : Philip Hardwick
Download or read book An Introduction to Modern Economics written by Philip Hardwick and published by . This book was released on 1982 with total page 498 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis The Welfare State by : David Garland
Download or read book The Welfare State written by David Garland and published by Oxford University Press. This book was released on 2016 with total page 177 pages. Available in PDF, EPUB and Kindle. Book excerpt: This Very Short Introduction discusses the necessity of welfare states in modern capitalist societies. Situating social policy in an historical, sociological, and comparative perspective, David Garland brings a new understanding to familiar debates, policies, and institutions.
Book Synopsis The Economics of Welfare by : Arthur Cecil Pigou
Download or read book The Economics of Welfare written by Arthur Cecil Pigou and published by . This book was released on 1920 with total page 1024 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis An Introduction to Modern Economics by : Joan Robinson
Download or read book An Introduction to Modern Economics written by Joan Robinson and published by . This book was released on 1974 with total page 350 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Introduction to Modern Economic Growth by : Daron Acemoglu
Download or read book Introduction to Modern Economic Growth written by Daron Acemoglu and published by Princeton University Press. This book was released on 2008-12-15 with total page 1009 pages. Available in PDF, EPUB and Kindle. Book excerpt: From Nobel Prize–winning economist Daron Acemoglu, an incisive introduction to economic growth Introduction to Modern Economic Growth is a groundbreaking text from one of today's leading economists. Daron Acemoglu gives graduate students not only the tools to analyze growth and related macroeconomic problems, but also the broad perspective needed to apply those tools to the big-picture questions of growth and divergence. And he introduces the economic and mathematical foundations of modern growth theory and macroeconomics in a rigorous but easy to follow manner. After covering the necessary background on dynamic general equilibrium and dynamic optimization, the book presents the basic workhorse models of growth and takes students to the frontier areas of growth theory, including models of human capital, endogenous technological change, technology transfer, international trade, economic development, and political economy. The book integrates these theories with data and shows how theoretical approaches can lead to better perspectives on the fundamental causes of economic growth and the wealth of nations. Innovative and authoritative, this book is likely to shape how economic growth is taught and learned for years to come. Introduces all the foundations for understanding economic growth and dynamic macroeconomic analysis Focuses on the big-picture questions of economic growth Provides mathematical foundations Presents dynamic general equilibrium Covers models such as basic Solow, neoclassical growth, and overlapping generations, as well as models of endogenous technology and international linkages Addresses frontier research areas such as international linkages, international trade, political economy, and economic development and structural change An accompanying Student Solutions Manual containing the answers to selected exercises is available (978-0-691-14163-3/$24.95). See: https://press.princeton.edu/titles/8970.html For Professors only: To access a complete solutions manual online, email us at: [email protected]
Book Synopsis Politics, Economics, and Welfare by : Robert A. Dahl
Download or read book Politics, Economics, and Welfare written by Robert A. Dahl and published by Routledge. This book was released on 2017-09-29 with total page 612 pages. Available in PDF, EPUB and Kindle. Book excerpt: For most of this century, the habit of thinking about politics and economics in terms of grand and simple alternatives has exerted a powerful influence over the minds of those concerned with economic organization. Politics, Economics, and Welfare is a systematic attack on the idea of all-embracing ideological solutions to complex economic problems.
Book Synopsis Beyond Politics by : William Mitchell
Download or read book Beyond Politics written by William Mitchell and published by Routledge. This book was released on 2021 with total page 222 pages. Available in PDF, EPUB and Kindle. Book excerpt: Traditional public policy and welfare economics have held that market failures are common, requiring the intervention of government in order to serve and protect the public good. In Beyond Politics, William C. Mitchell and Randy T. Simmons carefully scrutinize this traditional view through the modern theory of public choice. The authors enlighten the relationship of government and markets by emphasizing the actual rather than the ideal workings of governments and by reuniting the insights of economics with those of political science. Beyond Politics traces the anatomy of government failure and a pathology of contemporary political institutions as government has become a vehicle for private gain at public expense. In so doing, this brisk and vigorous book examines a host of public issues, including social welfare, consumer protection, and the environment. Offering a unified and powerful perspective on the market process, property rights, politics, contracts, and government bureaucracy, Beyond Politics is a lucid and comprehensive book on the foundations and institutions of a free and humane society.
Book Synopsis A Theory of Fairness and Social Welfare by : Marc Fleurbaey
Download or read book A Theory of Fairness and Social Welfare written by Marc Fleurbaey and published by Cambridge University Press. This book was released on 2011-06-13 with total page 315 pages. Available in PDF, EPUB and Kindle. Book excerpt: The definition and measurement of social welfare have been a vexed issue for the past century. This book makes a constructive, easily applicable proposal and suggests how to evaluate the economic situation of a society in a way that gives priority to the worse-off and that respects each individual's preferences over his or her own consumption, work, leisure and so on. This approach resonates with the current concern to go 'beyond the GDP' in the measurement of social progress. Compared to technical studies in welfare economics, this book emphasizes constructive results rather than paradoxes and impossibilities, and shows how one can start from basic principles of efficiency and fairness and end up with concrete evaluations of policies. Compared to more philosophical treatments of social justice, this book is more precise about the definition of social welfare and reaches conclusions about concrete policies and institutions only after a rigorous derivation from clearly stated principles.
Book Synopsis An Introduction to Modern Welfare Economics by : Per-Olov Johansson
Download or read book An Introduction to Modern Welfare Economics written by Per-Olov Johansson and published by . This book was released on 1991 with total page 176 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book in welfare economics covers concepts such as Pareto optimality in a market economy, the compensation criterion and the social welfare function.
Book Synopsis The First Serious Optimist by : Ian Kumekawa
Download or read book The First Serious Optimist written by Ian Kumekawa and published by Princeton University Press. This book was released on 2017-06-06 with total page 346 pages. Available in PDF, EPUB and Kindle. Book excerpt: A groundbreaking intellectual biography of one of the twentieth century's most influential economists The First Serious Optimist is an intellectual biography of the British economist A. C. Pigou (1877–1959), a founder of welfare economics and one of the twentieth century's most important and original thinkers. Though long overshadowed by his intellectual rival John Maynard Keynes, Pigou was instrumental in focusing economics on the public welfare. And his reputation is experiencing a renaissance today, in part because his idea of "externalities" or spillover costs is the basis of carbon taxes. Drawing from a wealth of archival sources, Ian Kumekawa tells how Pigou reshaped the way the public thinks about the economic role of government and the way economists think about the public good. Setting Pigou's ideas in their personal, political, social, and ethical context, the book follows him as he evolved from a liberal Edwardian bon vivant to a reserved but reform-minded economics professor. With World War I, Pigou entered government service, but soon became disenchanted with the state he encountered. As his ideas were challenged in the interwar period, he found himself increasingly alienated from his profession. But with the rise of the Labour Party following World War II, the elderly Pigou re-embraced a mind-set that inspired a colleague to describe him as "the first serious optimist." The story not just of Pigou but also of twentieth-century economics, The First Serious Optimist explores the biographical and historical origins of some of the most important economic ideas of the past hundred years. It is a timely reminder of the ethical roots of economics and the discipline's long history as an active intermediary between the state and the market.
Book Synopsis The Science and Passion of Communism by : Amadeo Bordiga
Download or read book The Science and Passion of Communism written by Amadeo Bordiga and published by BRILL. This book was released on 2020-08-10 with total page 540 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Science and Passion of Communism presents the battles of the brilliant Italian communist Amadeo Bordiga in the revolutionary cycle of the post-WWI period, through his writings against reformism and war, for Soviet power and internationalism, and then against fascism, on one side, Stalinism and the degeneration of the International, on the other. Equally important was his sharp critique of triumphant U.S. capitalism in the post-WWII period, and his original re-presentation of Marxist critique of political economy, which includes the capital-nature and capital-species relationships, and the programme of social transformations for the revolution to come. Without any form of canonization, we can say that Bordiga’s huge workshop is a veritable goldmine, and anyone who decides to enter it will not be disappointed. He will guide you through a series of instructive, energizing and often highly topical excursions into the near and distant past, into the present that he largely foresaw, and into the future that he sketched with devouring passion.
Book Synopsis Fair Division and Collective Welfare by : Herve Moulin
Download or read book Fair Division and Collective Welfare written by Herve Moulin and published by MIT Press. This book was released on 2004-08-20 with total page 302 pages. Available in PDF, EPUB and Kindle. Book excerpt: The concept of fair division is as old as civil society itself. Aristotle's "equal treatment of equals" was the first step toward a formal definition of distributive fairness. The concept of collective welfare, more than two centuries old, is a pillar of modern economic analysis. Reflecting fifty years of research, this book examines the contribution of modern microeconomic thinking to distributive justice. Taking the modern axiomatic approach, it compares normative arguments of distributive justice and their relation to efficiency and collective welfare. The book begins with the epistemological status of the axiomatic approach and the four classic principles of distributive justice: compensation, reward, exogenous rights, and fitness. It then presents the simple ideas of equal gains, equal losses, and proportional gains and losses. The book discusses three cardinal interpretations of collective welfare: Bentham's "utilitarian" proposal to maximize the sum of individual utilities, the Nash product, and the egalitarian leximin ordering. It also discusses the two main ordinal definitions of collective welfare: the majority relation and the Borda scoring method. The Shapley value is the single most important contribution of game theory to distributive justice. A formula to divide jointly produced costs or benefits fairly, it is especially useful when the pattern of externalities renders useless the simple ideas of equality and proportionality. The book ends with two versatile methods for dividing commodities efficiently and fairly when only ordinal preferences matter: competitive equilibrium with equal incomes and egalitarian equivalence. The book contains a wealth of empirical examples and exercises.
Book Synopsis Development, Democracy, and Welfare States by : Stephan Haggard
Download or read book Development, Democracy, and Welfare States written by Stephan Haggard and published by Princeton University Press. This book was released on 2008-09-14 with total page 508 pages. Available in PDF, EPUB and Kindle. Book excerpt: Comparing the welfare states of Latin America, East Asia and Eastern Europe, the authors trace the origins of social policy in these regions to political changes in the mid-20th century, and show how the legacies of these early choices are influencing welfare reform following democratization and globalization.