000			01611nam a22002057a 4500
005			20240921163851.0
008			230306b2004 |||||||| |||| 00| 0 eng d
020			_a9780333971215
082			_a330.1556 KWA-Y
100			_aKwang Ng, Yew
245			_aWelfare economics: _btowards a more complete analysis / _cYew-Kwang Ng
260			_aNew York _bPalgrave Macmillan _c2004
300			_a355 p.
365			_aEUR _b149.99.
500			_aYew-Kwang Ng looks at pushing welfare economics towards a more complete analysis. The book covers not only the basic topics, but also advanced and new arguments. Traditional topics including Pareto optimality, welfare criteria, consumer surplus, social choice, externality and public goods are considered. In addition, Professor Ng looks at more advanced issues and discusses such new arguments as the quasi-Pareto criterion, the effects of the diamond effects on consumer surplus, economists' over-estimation of the costs of public spending, and his theory of the third best. 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. The author attempts to make welfare economics more complete by discussing increasing returns, using the recent Yang-Ng framework of division of labour and by pushing welfare economics from the level of preference to that of welfare or happiness, making a reformulation of public policy necessary.
650			_aWelfare economics
650			_aEconomic policy
650			_aSocial service
650			_aEconomics
999			_c90692 _d90692