| Welfare Economics: Towards a More Complete Analysis Softcover Repri Edition Contributor(s): Ng, Y. (Author) |
|
 |
ISBN: 1349429430 ISBN-13: 9781349429431 Publisher: Palgrave MacMillan OUR PRICE: $104.49 Product Type: Paperback - Other Formats Published: January 2004 |
| Additional Information |
| BISAC Categories: - Business & Economics | Economics - Theory - Political Science | Public Policy - Economic Policy - Political Science | Public Policy - Social Policy |
| Dewey: 330.155 |
| Physical Information: 0.83" H x 5.5" W x 8.5" (1.04 lbs) 355 pages |
| Descriptions, Reviews, Etc. |
| Publisher Description: 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. |