Welfare economics : introduction and development of basic concepts /
Material type:
TextPublication details: London : Macmillan, c1979.Description: xiv, 332 p. :illISBN: - 0333242955
- 0333242963 (pbk.)
- 330.126 YEW
- HB99.3 .N45x 1979
| Item type | Current library | Collection | Call number | Status | Date due | Barcode | |
|---|---|---|---|---|---|---|---|
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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