000 01255nam a2200253 a 4500
008 860707t1979 enka erb 001 0 eng c
020 _a0333242955
020 _a0333242963 (pbk.)
040 _aMH
_cMH
050 1 4 _aHB99.3
_b.N45x 1979
082 _a330.126
_bYEW
100 1 _aNg, Yew-Kwang.
245 1 0 _aWelfare economics :
_bintroduction and development of basic concepts /
260 _aLondon :
_bMacmillan,
_cc1979.
300 _axiv, 332 p. :ill,
500 _aIncludes index.
504 _aIncludes bibliographical references: p. 297-326.
520 _aYew-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.
590 _arpm 13/11/2017
591 _aLoans
650 0 _aWelfare economics.
942 _2ddc
_cBOOK
949 _a330.126 YEW
999 _c7013
_d7013