An Introduction to Modern Welfare Economics - Hardcover

Johansson, Per-Olov

Hardcover

ISBN 10: 0521356164 ISBN 13: 9780521356169

Publisher: Cambridge University Press, 1991

Synopsis

This is the first book in welfare economics to be primarily intended for undergraduates and non-specialists. Concepts such as Pareto optimality in a market economy, the compensation criterion, and the social welfare function are explored in detail. Market failures are analysed by using different ways of measuring welfare changes. The book also examines public choice, and the issues of provision of public goods, median voter equilibrium, government failures, efficient and optimal taxation, and intergenerational equity. The three final chapters are devoted to applied welfare economics: methods for revealing people's preferences, cost-benefit analysis, and project evaluation in a risky world. The book is intended for introductory and intermediate courses in welfare economics, microeconomics, and public economics. It will also be suitable for courses in health economics, environmental economics, and cost-benefit analysis, as well as those undertaking project evaluations in government agencies and private firms.

About this title

Review:

'An undergraduate student ... would find this a very useful reference ...' The Economic Journal

Book Description:

This is the first book in welfare economics to be primarily intended for undergraduates. Concepts such as Pareto optimality in a market economy, the compensation criterion, and the social welfare function are explored in detail. The book concludes with an examination of applied welfare economics: methods for revealing people's preferences, cost-benefit analysis, and project evaluation in a risky world.

About this edition

• Publisher: Cambridge University Press
• Publication date: 1991
• ISBN 10: 0521356164
• ISBN 13: 9780521356169
• Binding: Hardcover
• Number of pages: 188