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Welfare Economics [Paperback]

R. F. Boadway , Bruce Niel

RRP: 37.99
Price: 34.98 & FREE Delivery in the UK. Details
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Book Description

30 July 1984 0631133275 978-0631133278 Reprint
This 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.

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Welfare Economics + Microeconomics
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Product details

  • Paperback: 356 pages
  • Publisher: Wiley-Blackwell; Reprint edition (30 July 1984)
  • Language: English
  • ISBN-10: 0631133275
  • ISBN-13: 978-0631133278
  • Product Dimensions: 22.8 x 15.3 x 2.3 cm
  • Amazon Bestsellers Rank: 583,546 in Books (See Top 100 in Books)

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From the Back Cover

This 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.

About the Author

Robin W. Boadway is Professor of Economics, Queen′s University, Ontario, Canada and Neil Bruce is Professor of Economics, UCLA, USA.

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5.0 out of 5 stars Gear book 17 Sep 2009
By S. Adhikari - Published on Amazon.com
Format:Paperback|Verified Purchase
The book in great condition, prompt delivery. very good service

Book has very nice description on each of topic. Worth spending money on it.
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