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Books > Business & Economics > Economics > Labour economics
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Economic Welfare (Hardcover)
Loot Price: R9,285
Discovery Miles 92 850
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Economic Welfare (Hardcover)
Series: Critical Ideas in Economics series
Expected to ship within 12 - 17 working days
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Economic Welfare presents an important collection of leading
writings in the fields of policy evaluation. The volume focuses on
the conceptual issues behind welfare economics, drawing upon
contributions from economics, moral philosophy and social
philosophy. The selected readings are designed to present the case
both for and against extant approaches to economic welfare. Modern
welfare economics comprises three contrasting approaches. Pure
Paretianism focuses on cases where everyone is made better off or
worse off. This approach commands broad (although not universal)
assent but does not apply to most real world choices. Cost-benefit
analysis does most of the practical work for economic policy
evaluation, but does not offer fully sound foundations. Newer
approaches treat economic welfare as either cardinal or measurable
in nature, often dropping the traditional strictures against
interpersonal utility comparisons. This collection brings together
these three approaches, examines their strengths and weaknesses and
asks whether they share a common future. Economic Welfare will
provide an indispensable reference source for students, academics
and practitioners.
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