An Introduction to Modern Welfare Economics
An Introduction to Modern Welfare Economics
$57.00
USDThis is the first book in welfare economics to be primarily intended for undergraduates and non-specialists. Concepts such as Pareto optimality in a market economy, the compensation criterion, and the social welfare function are explored in detail. Market failures are analysed by using different ways of measuring welfare changes. The book also examines public choice, and the issues of provision of public goods, median voter equilibrium, government failures, efficient and optimal taxation, and intergenerational equity. The three final chapters are devoted to applied welfare economics: methods for revealing people's preferences, cost-benefit analysis, and project evaluation in a risky world. The book is intended for introductory and intermediate courses in welfare economics, microeconomics, and public economics. It will also be suitable for courses in health economics, environmental economics, and cost-benefit analysis, as well as those undertaking project evaluations in government agencies and private firms.
- A undergraduate textbook on welfare economics - accessible and comprehensive/concise and cheap
- This is first single volume introductory text in welfare economics
- Johansson is an experienced author, with a good reputation, especially in Europe
Reviews & endorsements
"...easily the best book I have read all year in terms of presentation, content and relevance, a pleasure to read....concepts are clearly and concisely presented in a coherent 'story.'....On a wider level the book also makes an important contribution to the development of the latter area of research within the environmental economics debate by underlining its validity as a subject of the established study of welfare economics. The author's style is consistently clear and concise....Professor Johansson is to be congratulated on this book. It provides a valuable introduction for the new student and will very likely win a central place upon introductory reading lists within this discipline." International Journal of Environmental Studies
Product details
August 1991Paperback
9780521356954
192 pages
229 × 152 × 11 mm
0.31kg
69 b/w illus.
Available
Table of Contents
- Preface
- 1. Introduction
- 2. Pareto optimality in a market economy
- 3. The compensation principle and the social welfare function
- 4. Measuring welfare changes
- 5. Market failures - causes and welfare consequences
- 6. Public choice
- 7. A smorgasbord of further topics
- 8. How to overcome the problem of preference revelation: practical methodologies
- 9. Cost-benefit analysis
- 10. The treatment of risk
- Appendix
- References.
