Measuring Economic Welfare PDF Download
Are you looking for read ebook online? Search for your book and save it on your Kindle device, PC, phones or tablets. Download Measuring Economic Welfare PDF full book. Access full book title Measuring Economic Welfare by George W. McKenzie. Download full books in PDF and EPUB format.
Author: George W. McKenzie
Publisher: Cambridge University Press
ISBN: 0521248620
Category : Business & Economics
Languages : en
Pages : 201
Get Book Here
Book Description
Professor McKenzie proposes and formulates a method composed of operational procedures designed to facilitate the evaluation of economic projects and policies. This method is discussed fully, illustrated by simple examples, and compared with alternative procedures. An outline of a computer program that enables readers to undertake their own calculations is included. In order to present the approach clearly, the author provides an exposition of the fundamental ideas and the main alternative approaches to the problem. These rely on various forms of index numbers and consumer surplus. However, as is well known, such measures are not capable of correctly ordering the various alternatives under consideration, except under highly unrealist assumptions. In this book the author suggests the abandonment of this traditional approach based on the concept of 'willingness-to-pay' or the conpensating variation. Instead, the measure that Samuelson has called the 'money-metric' should become the cornerstone of applied welfare economics.
Author: George W. McKenzie
Publisher: Cambridge University Press
ISBN: 0521248620
Category : Business & Economics
Languages : en
Pages : 201
Get Book Here
Book Description
Professor McKenzie proposes and formulates a method composed of operational procedures designed to facilitate the evaluation of economic projects and policies. This method is discussed fully, illustrated by simple examples, and compared with alternative procedures. An outline of a computer program that enables readers to undertake their own calculations is included. In order to present the approach clearly, the author provides an exposition of the fundamental ideas and the main alternative approaches to the problem. These rely on various forms of index numbers and consumer surplus. However, as is well known, such measures are not capable of correctly ordering the various alternatives under consideration, except under highly unrealist assumptions. In this book the author suggests the abandonment of this traditional approach based on the concept of 'willingness-to-pay' or the conpensating variation. Instead, the measure that Samuelson has called the 'money-metric' should become the cornerstone of applied welfare economics.
Author: Glenn Drover
Publisher: Aldershot, England : E. Elgar
ISBN:
Category : Political Science
Languages : en
Pages : 344
Get Book Here
Book Description
In New Approaches to Welfare Theory, a group of economists explore themes central to the understanding of human well-being, building from a Weberian understanding of social action.
Author: Michael Albert
Publisher: Princeton University Press
ISBN: 1400887054
Category : Business & Economics
Languages : en
Pages : 455
Get Book Here
Book Description
This ambitious work presents a critique of traditional welfare theory and proposes a new approach to it. Radical economists Robin Hahnel and Michael Albert argue that an improved theory of social welfare can consolidate and extend recent advances in microeconomic theory, and generate exciting new results as well. The authors show that once the traditional "welfare paradigm" is appropriately modified, a revitalized welfare theory can clarify the relationship between individual and social rationalitya task that continues to be of interest to mainstream and nonmainstream economists alike. Hahnel and Albert show how recent work in the theory of the labor process, externalities, public goods, and endogenous preferences can advance research in welfare theory. In a series of important theorems, the authors extend the concept of Pareto optimality to dynamic contexts with changing preferences and thus highlight the importance of institutional bias. This discussion provides the basis for further analysis of the properties and consequences of private and public enterprise and of markets and central planning. Not surprisingly, Hahnel and Albert reach a number of conclusions at odds with conventional wisdom. Originally published in 1990. The Princeton Legacy Library uses the latest print-on-demand technology to again make available previously out-of-print books from the distinguished backlist of Princeton University Press. These editions preserve the original texts of these important books while presenting them in durable paperback and hardcover editions. The goal of the Princeton Legacy Library is to vastly increase access to the rich scholarly heritage found in the thousands of books published by Princeton University Press since its founding in 1905.
Author: Marc Fleurbaey
Publisher: Cambridge University Press
ISBN: 1139498770
Category : Political Science
Languages : en
Pages : 315
Get Book Here
Book Description
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.
Author: Roger E. Backhouse
Publisher: Cambridge University Press
ISBN: 1108898696
Category : Business & Economics
Languages : en
Pages : 350
Get Book Here
Book Description
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.
Author: Christopher Pierson
Publisher: Polity
ISBN: 0745635555
Category : Political Science
Languages : en
Pages : 505
Get Book Here
Book Description
Includes 20 selections, reflecting the thinking and research in welfare state studies, these readings are organized around a series of debates - on welfare regimes, globalization, Europeanization, demographic change and political challenges.
Author: Ruth Lister
Publisher: Policy Press
ISBN: 1447338391
Category : Political Science
Languages : en
Pages : 355
Get Book Here
Book Description
Demonstrating the relevance of theory to political and policy debates and practice, this lively and accessible second edition helps students to grasp the real-life implications of social policy theory. The updated text includes consideration of contemporary shifts in welfare ideologies in the context of global austerity and the UK Coalition and Conservative governments since 2010. With a new chapter focusing on critical debates about disability, sexuality and the environment, this textbook also includes fresh reflections on migration, conditionality, resilience, social justice and human rights. Key features include: • real-life examples from UK and international politics and policy to explain and illuminate the significance of social policy theory; • key questions for student reflection and engagement; and • bulleted chapter summaries and annotated further readings at the end of every chapter. This new edition is a dynamic, engaging and valuable introduction to the key theoretical perspectives and concepts deployed in social policy.
Author: Walter Korpi
Publisher: University of Toronto Press
ISBN: 9780802071712
Category : Political Science
Languages : en
Pages : 394
Get Book Here
Book Description
Rather than simply asserting that all social policies in all capitalist societies exist to maintain capitalism and serve the long-term interests of the capitalist class, PRT examines the nature and impact of social policies and the level and types of social inequality in a variety of advanced capitalist nations.
Author: José Antonio Ocampo
Publisher: Columbia University Press
ISBN: 0231546165
Category : Political Science
Languages : en
Pages : 380
Get Book Here
Book Description
The welfare state has been under attack for decades, but now more than ever there is a need for strong social protection systems—the best tools we have to combat inequality, support social justice, and even improve economic performance. In this book, José Antonio Ocampo and Joseph E. Stiglitz bring together distinguished contributors to examine the global variations of social programs and make the case for a redesigned twenty-first-century welfare state. The Welfare State Revisited takes on major debates about social well-being, considering the merits of universal versus targeted policies; responses to market failures; integrating welfare and economic development; and how welfare states around the world have changed since the neoliberal turn. Contributors offer prescriptions for how to respond to the demands generated by demographic changes, the changing role of the family, new features of labor markets, the challenges of aging societies, and technological change. They consider how strengthening or weakening social protection programs affects inequality, suggesting ways to facilitate the spread of effective welfare states throughout the world, especially in developing countries. Presenting new insights into the functions the welfare state can fulfill and how to design a more efficient and more equitable system, The Welfare State Revisited is essential reading on the most discussed issues in social welfare today.
Author: Michael Sherraden
Publisher: Routledge
ISBN: 1315288354
Category : History
Languages : en
Pages : 309
Get Book Here
Book Description
This work proposes a new approach to welfare: a social policy that goes beyond simple income maintenance to foster individual initiative and self-sufficiency. It argues for an asset-based policy that would create a system of saving incentives through individual development accounts (IDAs) for specific purposes, such as college education, homeownership, self-employment and retirement security. In this way, low-income Americans could gain the same opportunities that middle- and upper-income citizens have to plan ahead, set aside savings and invest in a more secure future.
