Central Bank of Nigeria Library

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Welfare economics : introduction and development of basic concepts /

By: Material type: TextTextPublication details: London : Macmillan, c1979.Description: xiv, 332 p. :illISBN:
  • 0333242955
  • 0333242963 (pbk.)
Subject(s): DDC classification:
  • 330.126 YEW
LOC classification:
  • HB99.3 .N45x 1979
Summary: 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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Holdings
Item type Current library Collection Call number Status Date due Barcode
Monograph & others Monograph & others CBN HQ Library General Stacks Non-fiction 330.126 YEW (Browse shelf(Opens below)) Available 31008100133483

Includes index.

Includes bibliographical references: p. 297-326.

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.

rpm 13/11/2017

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