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Welfare Theory, Public Action, and Ethical Values - Revisiting the History of Welfare Economics (Hardcover)
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Welfare Theory, Public Action, and Ethical Values - Revisiting the History of Welfare Economics (Hardcover)
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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.
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