Abram Bergson has been making significant contributions to
economic theory since the 1930s, and this selection of fifteen of
his most influential essays exhibits in large part the breadth of
his range. The book's primary focus, however, is on those aspects
of economic theory to which he has given sustained attention over
the whole course of his career: welfare and socialist
economics.Part I, Social Welfare and the Economic Optimum, presents
the author's seminal early article on the concept of social welfare
and two additional essays on the relation of social choice theory
to welfare economics and on the import of taste differences for
optimal income distribution.In Part II, Problems of Measurement,
the critique of Frisch's methods of marginal utility measurement
that has become a classic is followed by three essays on consumer's
surplus analysis, including the frequently cited paper on monopoly
welfare losses. A final paper elaborates for factor productivity
calculation the index number theory that was developed by Moorsteen
and the author for output measurement.In Part III, Public
Enterprise and Socialist Economics, two surveys of the theory of
socialist economics that are standard references in the field are
followed by an essay on the politics of socialist efficiency and by
two studies of public enterprise, one on optimal pricing and the
other on managerial riskbearing.Finally, Part IV, Prices, Income,
and Employment, consists of two papers that represent an early
effort to integrate macro- and microeconomics, a matter that has
since become of wide interest.Abram Bergson has taught at Harvard
University since 1956; he is now George F. Baker Professor of
Economics.
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