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OverviewThis clear and balanced introduction to welfare economics reflects the most recent advances in the field. Designed for third-year undergraduate and graduate courses, it offers an extensive treatment of both the theory of welfare economics and the techniques for applying that theory to real problems. The first part of the book presents a synthesis of the theory. Starting from the premise that the purpose of theory is to provide criteria for ordering alternative economic states, the authors analyse the relationship between individual and social orderings. They discuss the conditions of Pareto efficiency and optimality as well as the ways in which market economies may fail to achieve a Pareto optimal allocation of resources. They go on to evaluate the theory of social welfare functions, paying particular attention to recent developments. The second part of the book considers the principles of applied welfare economics. Developing the use of the compensating variation as their main tool, the authors discuss welfare change measurement in single-person and many-person economies. In the final chapter they survey the recent literature on cost-benefit analysis. Full Product DetailsAuthor: R. F. Boadway (University of Kingston, Ontario) , Bruce Niel (University of Kingston, Ontario)Publisher: John Wiley and Sons Ltd Imprint: Wiley-Blackwell Dimensions: Width: 17.20cm , Height: 1.90cm , Length: 24.60cm Weight: 0.539kg ISBN: 9780631133278ISBN 10: 0631133275 Pages: 368 Publication Date: 30 July 1984 Audience: College/higher education , Professional and scholarly , Undergraduate , Professional & Vocational Format: Paperback Publisher's Status: Active Availability: Out of stock  The supplier is temporarily out of stock of this item. It will be ordered for you on backorder and shipped when it becomes available. Table of ContentsReviewsAuthor InformationRobin W. Boadway is Professor of Economics, Queen's University, Ontario, Canada and Neil Bruce is Professor of Economics, UCLA, USA. Tab Content 6Author Website:Countries AvailableAll regions |
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