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A Theory of Fairness and Social Welfare

A Theory of Fairness and Social Welfare PDF Author: Marc Fleurbaey
Publisher: Cambridge University Press
ISBN: 1139498770
Category : Political Science
Languages : en
Pages : 315

Book Description
The definition and measurement of social welfare have been a vexed issue for the past century. This book makes a constructive, easily applicable proposal and suggests how to evaluate the economic situation of a society in a way that gives priority to the worse-off and that respects each individual's preferences over his or her own consumption, work, leisure and so on. This approach resonates with the current concern to go 'beyond the GDP' in the measurement of social progress. Compared to technical studies in welfare economics, this book emphasizes constructive results rather than paradoxes and impossibilities, and shows how one can start from basic principles of efficiency and fairness and end up with concrete evaluations of policies. Compared to more philosophical treatments of social justice, this book is more precise about the definition of social welfare and reaches conclusions about concrete policies and institutions only after a rigorous derivation from clearly stated principles.

Welfare Economics and Social Choice Theory

Welfare Economics and Social Choice Theory PDF Author: Allan M. Feldman
Publisher: Springer Science & Business Media
ISBN: 038729368X
Category : Business & Economics
Languages : en
Pages : 401

Book Description
This book covers the main topics of welfare economics — general equilibrium models of exchange and production, Pareto optimality, un certainty, externalities and public goods — and some of the major topics of social choice theory — compensation criteria, fairness, voting. Arrow's Theorem, and the theory of implementation. The underlying question is this: "Is a particular economic or voting mechanism good or bad for society?" Welfare economics is mainly about whether the market mechanism is good or bad; social choice is largely about whether voting mechanisms, or other more abstract mechanisms, can improve upon the results of the market. This second edition updates the material of the first, written by Allan Feldman. It incorporates new sections to existing first-edition chapters, and it includes several new ones. Chapters 4, 6, 11, 15 and 16 are new, added in this edition. The first edition of the book grew out of an undergraduate welfare economics course at Brown University. The book is intended for the undergraduate student who has some prior familiarity with microeconomics. However, the book is also useful for graduate students and professionals, economists and non-economists, who want an overview of welfare and social choice results unburdened by detail and mathematical complexity. Welfare economics and social choice both probably suffer from ex cessively technical treatments in professional journals and monographs.

A Theory of Fairness and Social Welfare

A Theory of Fairness and Social Welfare PDF Author: Marc Fleurbaey
Publisher: Cambridge University Press
ISBN: 1139498770
Category : Political Science
Languages : en
Pages : 315

Book Description
The definition and measurement of social welfare have been a vexed issue for the past century. This book makes a constructive, easily applicable proposal and suggests how to evaluate the economic situation of a society in a way that gives priority to the worse-off and that respects each individual's preferences over his or her own consumption, work, leisure and so on. This approach resonates with the current concern to go 'beyond the GDP' in the measurement of social progress. Compared to technical studies in welfare economics, this book emphasizes constructive results rather than paradoxes and impossibilities, and shows how one can start from basic principles of efficiency and fairness and end up with concrete evaluations of policies. Compared to more philosophical treatments of social justice, this book is more precise about the definition of social welfare and reaches conclusions about concrete policies and institutions only after a rigorous derivation from clearly stated principles.

Readings in Social Welfare

Readings in Social Welfare PDF Author: Robert E. Kuenne
Publisher: Wiley-Blackwell
ISBN: 9780631220725
Category : Business & Economics
Languages : en
Pages : 342

Book Description
In Readings in Social Welfare: Theory and Policy, Robert E. Kuenne packages postwar classics with contemporary discussions to examine the impact of social welfare theory on policy development. The book introduces students to frameworks developed by scholars to monitor the market's inefficiencies, to modify its income distribution and resource allocation, and to make decisions for social investment. The readings cover practical issues of national and international concern, such as income and wealth distribution, the measurement of social welfare, recent movements in government regulation theory and practice, the economics of drug prohibition, and the role of the public's risk aversion in the determination of public investment. This book and its complement, Readings in Applied Microeconomic Theory: Market Forces and Solutions, are part of the Blackwell Readings for Contemporary Economics series.

Welfare Theory, Public Action, and Ethical Values

Welfare Theory, Public Action, and Ethical Values PDF Author: Roger E. Backhouse
Publisher: Cambridge University Press
ISBN: 1108898696
Category : Business & Economics
Languages : en
Pages : 350

Book Description
This innovative history of welfare economics challenges the view that welfare economics can be discussed without taking ethical values into account. Whatever their theoretical commitments, when economists have considered practical problems relating to public policy, they have adopted a wider range of ethical values, whether equality, justice, freedom, or democracy. Even canonical authors in the history of welfare economics are shown to have adopted ethical positions different from those with which they are commonly associated. Welfare Theory, Public Action, and Ethical Values explores the reasons and implications of this, drawing on concepts of welfarism and non-welfarism developed in modern welfare economics. The authors exemplify how economic theory, public affairs and political philosophy interact, challenging the status quo in order to push economists and historians to reconsider the nature and meaning of welfare economics.

Welfare Theory

Welfare Theory PDF Author: Tony Fitzpatrick
Publisher: Palgrave Macmillan
ISBN: 9780333778432
Category : Social Science
Languages : en
Pages : 238

Book Description
Social policy debates often get lost in highly technical discussions and in day-to-day politics. This introduction to welfare theory offers an alternative approach to understanding social policy. It reviews the concepts of welfare, equality, liberty and citizenship, key political and sociological themes, old and new welfare ideologies, as well as recent theoretical developments including globalization, postmodernism and risk society.

The Economics of Farm Animal Welfare

The Economics of Farm Animal Welfare PDF Author: Bouda Vosough Ahmadi
Publisher: CABI
ISBN: 1786392313
Category : Medical
Languages : en
Pages : 212

Book Description
"The economic costs and benefits of farm animal production and sustainability versus improving climate change and animal welfare presents one of the most complex dilemmas in agriculture today. This book, by top global authors and experts, outlines the problem whilst making policy-relevant recommendations"--

Reasons for Welfare

Reasons for Welfare PDF Author: Robert E. Goodin
Publisher: Princeton University Press
ISBN: 9780691022796
Category : Philosophy
Languages : en
Pages : 444

Book Description
Robert Goodin passionately and cogently defends the welfare state from current attacks by the New Right. But he contends that the welfare state finds false friends in those on the Old Left who would justify it as a hesitant first step toward some larger, ideally just form of society. Reasons for Welfare, in contrast, offers a defense of the minimal welfare state substantially independent of any such broader commitments, and at the same time better able to withstand challenges from the New Right's moralistic political economy. This defense of the existence of the welfare state is discussed, flanked by criticism of Old Left and New Right arguments that is both acute and devastating. In the author's view, the welfare state is best justified as a device for protecting needy--and hence vulnerable--members of society against the risk of exploitation by those possessing discretionary control over resources that they require. Its task is to protect the interests of those not in a position to protect themselves. Communitarian or egalitarian ideals may lead us to move beyond the welfare state as thus conceived and justified. Moving beyond it, however, does not invalidate the arguments for constantly maintaining at least the minimal protections necessary for vulnerable members of society.

Quiet Revolution in Welfare Economics

Quiet Revolution in Welfare Economics PDF Author: Michael Albert
Publisher: Princeton University Press
ISBN: 1400887054
Category : Business & Economics
Languages : en
Pages : 455

Book Description
This ambitious work presents a critique of traditional welfare theory and proposes a new approach to it. Radical economists Robin Hahnel and Michael Albert argue that an improved theory of social welfare can consolidate and extend recent advances in microeconomic theory, and generate exciting new results as well. The authors show that once the traditional "welfare paradigm" is appropriately modified, a revitalized welfare theory can clarify the relationship between individual and social rationalitya task that continues to be of interest to mainstream and nonmainstream economists alike. Hahnel and Albert show how recent work in the theory of the labor process, externalities, public goods, and endogenous preferences can advance research in welfare theory. In a series of important theorems, the authors extend the concept of Pareto optimality to dynamic contexts with changing preferences and thus highlight the importance of institutional bias. This discussion provides the basis for further analysis of the properties and consequences of private and public enterprise and of markets and central planning. Not surprisingly, Hahnel and Albert reach a number of conclusions at odds with conventional wisdom. Originally published in 1990. The Princeton Legacy Library uses the latest print-on-demand technology to again make available previously out-of-print books from the distinguished backlist of Princeton University Press. These editions preserve the original texts of these important books while presenting them in durable paperback and hardcover editions. The goal of the Princeton Legacy Library is to vastly increase access to the rich scholarly heritage found in the thousands of books published by Princeton University Press since its founding in 1905.

International Trade, Welfare, and the Theory of General Equilibrium

International Trade, Welfare, and the Theory of General Equilibrium PDF Author: Sugata Marjit
Publisher: Cambridge University Press
ISBN: 1108473873
Category : Business & Economics
Languages : en
Pages : 249

Book Description
Provides theoretical and applied contributions connected by the methodological approach to the use of general equilibrium model.

Social Theory and Social Welfare

Social Theory and Social Welfare PDF Author: Peter Taylor-Gooby
Publisher: Hodder Education
ISBN: 9780713163322
Category : Great Britain
Languages : en
Pages : 294

Book Description