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An Introduction to Modern Welfare Economics (Paperback)
  • An Introduction to Modern Welfare Economics (Paperback)
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An Introduction to Modern Welfare Economics (Paperback)

(author)
£32.99
Paperback 192 Pages / Published: 22/08/1991
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This 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.

Publisher: Cambridge University Press
ISBN: 9780521356954
Number of pages: 192
Weight: 290 g
Dimensions: 229 x 152 x 11 mm


MEDIA REVIEWS
'An undergraduate student ... would find this a very useful reference ...' The Economic Journal
"...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

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