A Theory of Fairness and Social Welfare

A Theory of Fairness and Social Welfare PDF Author: Marc Fleurbaey
Publisher: Cambridge University Press
ISBN: 1139498770
Category : Political Science
Languages : en
Pages : 315

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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.

A Theory of Fairness and Social Welfare

A Theory of Fairness and Social Welfare PDF 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.

Welfare Economics and Social Choice Theory

Welfare Economics and Social Choice Theory PDF Author: Allan M. Feldman
Publisher: Springer Science & Business Media
ISBN: 038729368X
Category : Business & Economics
Languages : en
Pages : 401

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Book Description
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.

Welfare Theory, Public Action, and Ethical Values

Welfare Theory, Public Action, and Ethical Values PDF Author: Roger E. Backhouse
Publisher: Cambridge University Press
ISBN: 1108898696
Category : Business & Economics
Languages : en
Pages : 350

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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.

Population Issues in Social Choice Theory, Welfare Economics, and Ethics

Population Issues in Social Choice Theory, Welfare Economics, and Ethics PDF Author: Charles Blackorby
Publisher: Cambridge University Press
ISBN: 9780521825511
Category : Business & Economics
Languages : en
Pages : 392

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Book Description
This book explores how different ideas of the common good may be compared, contrasted and ranked.

Readings in Social Welfare

Readings in Social Welfare PDF Author: Robert E. Kuenne
Publisher: Wiley-Blackwell
ISBN: 9780631220725
Category : Business & Economics
Languages : en
Pages : 342

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Book Description
In Readings in Social Welfare: Theory and Policy, Robert E. Kuenne packages postwar classics with contemporary discussions to examine the impact of social welfare theory on policy development. The book introduces students to frameworks developed by scholars to monitor the market's inefficiencies, to modify its income distribution and resource allocation, and to make decisions for social investment. The readings cover practical issues of national and international concern, such as income and wealth distribution, the measurement of social welfare, recent movements in government regulation theory and practice, the economics of drug prohibition, and the role of the public's risk aversion in the determination of public investment. This book and its complement, Readings in Applied Microeconomic Theory: Market Forces and Solutions, are part of the Blackwell Readings for Contemporary Economics series.

The Economics of Farm Animal Welfare

The Economics of Farm Animal Welfare PDF Author: Bouda Vosough Ahmadi
Publisher: CABI
ISBN: 1786392313
Category : Medical
Languages : en
Pages : 212

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Book Description
"The economic costs and benefits of farm animal production and sustainability versus improving climate change and animal welfare presents one of the most complex dilemmas in agriculture today. This book, by top global authors and experts, outlines the problem whilst making policy-relevant recommendations"--

Welfare Economics in Theory and Practice

Welfare Economics in Theory and Practice PDF Author: Catherine M. Price
Publisher: MacMillan Publishing Company
ISBN:
Category : Business & Economics
Languages : en
Pages : 192

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Book Description


International Trade, Welfare, and the Theory of General Equilibrium

International Trade, Welfare, and the Theory of General Equilibrium PDF Author: Sugata Marjit
Publisher: Cambridge University Press
ISBN: 1108473873
Category : Business & Economics
Languages : en
Pages : 249

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Book Description
Provides theoretical and applied contributions connected by the methodological approach to the use of general equilibrium model.

Welfare Economics and Social Choice Theory

Welfare Economics and Social Choice Theory PDF Author: Allan M. Feldman
Publisher:
ISBN: 9780898380347
Category : Economics
Languages : en
Pages : 256

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Book Description
Welfare economics, and social choice theory, are disciplines that blend economics, ethics, political science, and mathematics. Welfare Economics and Social Choice Theory, 2nd Edition, include models of economic exchange and production, uncertainty, optimality, public goods, social improvement criteria, life and death choices, majority voting, Arrow??'s theorem, and theories of implementation and mechanism design. Our goal is to make value judgments about economic and political mechanisms: For instance, does the competitive market produce distributions of products and services that are good or bad for society? Does majority voting produce good or bad outcomes? How can we design tax mechanisms that result in efficient amounts of public goods being produced? We have attempted, in this book, to minimize mathematical obstacles, and to make this field accessible to undergraduate and graduate students and the interested non-expert.

Welfare Theory

Welfare Theory PDF Author: Tony Fitzpatrick
Publisher: Palgrave Macmillan
ISBN: 9780333778432
Category : Social Science
Languages : en
Pages : 238

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Book Description
Social policy debates often get lost in highly technical discussions and in day-to-day politics. This introduction to welfare theory offers an alternative approach to understanding social policy. It reviews the concepts of welfare, equality, liberty and citizenship, key political and sociological themes, old and new welfare ideologies, as well as recent theoretical developments including globalization, postmodernism and risk society.