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About this book
Yew-Kwang Ng looks to make welfare economics more complete by discussing the recent inframarginal analysis of division of labour and by pushing welfare economics from the level of preference to that of happiness, making a reformulation of the foundation of public policy necessary. A theory of the third best is provided, with extension to the equality/efficiency issue. The remarkable conclusion of treating a dollar as a dollar provides a powerful simplification of public policy formulation in general and in cost-benefit analysis in particular.
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Yes, you can access Welfare Economics by Y. Ng in PDF and/or ePUB format, as well as other popular books in Economics & Economic Theory. We have over one million books available in our catalogue for you to explore.
Information
Table of contents
- Cover
- Contents
- Preface
- List of Abbreviations
- List of Symbols
- 1 Introduction
- 2 Pareto Optimality
- 3 The Direction of Welfare Change: Welfare Criteria
- 4 The Magnitude of Welfare Change: Consumer Surplus
- 5 Social Choice
- 6 The Optimal Distribution of Income
- 7 Externality
- 8 Public Goods
- 9 First, Second or Third Best?
- 10 Beyond Marginal Analysis: Perspectives from an Inframarginal Analysis of the Division of Labour
- 11 From Preference to Happiness
- 12 Conclusion: Towards an Interdisciplinary Study of Welfare?
- References and Author Index
- Subject Index