Welfare Economics: Introduction and Development of Basic Concepts - Softcover

Ng, Yew-Kwang

Softcover

ISBN 10: 0333345770 ISBN 13: 9780333345771

Publisher: Palgrave, 1983

Synopsis

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.

About this title

Review

YEW-KWANG NG holds a Personal Chair in Economics at Monash University, Australia, and has been a fellow of the Academy of Social Sciences in Australia since 1980. He has published in welfare economics, meso-economics, welfare biology, and collaborates with Professor Xiaokai Yang on an infra-marginal analysis of division of labour.

About the Author

Yew-Kwang Ng is Personal Chair in Economics, Monash University, Australia.

Edition details

• Publisher: Palgrave
• Publication date: 1983
• Language: English
• ISBN 10: 0333345770
• ISBN 13: 9780333345771
• Binding: Paperback
• Edition number: 2
• Number of pages: 352