An Introduction to Modern Welfare Economics

Author: Per-Olov Johansson

Publisher: Cambridge University Press

ISBN: 9780521356954

Category: Business & Economics

Page: 176

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This book in welfare economics covers concepts such as Pareto optimality in a market economy, the compensation criterion and the social welfare function.
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Applied Welfare Economics

Cost-Benefit Analysis of Projects and Policies

Author: Massimo Florio

Publisher: Routledge

ISBN: 131781424X

Category: Business & Economics

Page: 412

View: 6855

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What is the effect of a new infrastructure on the well-being of a local community? Is a tax reform desirable? Does the privatization of a telecommunication provider increase social welfare? To answer these questions governments and their policy advisors should have in mind an operative definition of social welfare, and cannot rely on simple official statistics, such as GDP. The price we observe are often misleading as welfare signals, and costs and benefits for the society should be based on ‘shadow prices’, revealing the social opportunity costs of goods and of changes of the world. This book explains how to apply these welfare economics ideas to the real world. After a theoretical discussion of the concept of social welfare, a critical analysis of the traditional doctrine of welfare economics embodied in the Two Fundamental Theorems, and a presentation of social cost-benefit analysis, the book introduce the readers to an applied framework. This includes the empirical estimation of shadow prices of goods, of the social cost of labour and capital, the assessment of risk. This book also includes the state of the art of international experience with CBA, including ex-post evaluation of major projects, economic rates of return in different sectors, and a case study on privatisation, is presented. This book offers a unique and original blend of theory, empirics and experience. The theoretical discussion clarifies why shadow prices are not virtual market equilibrium prices, as they arise as the solution of a planning problem, often with governments and economic agents constrained in their information and powers. The empirical chapters show how to compute proxies of the shadow prices in simple ways. The experience chapters draw from first hand research, gained by the Author and his collaborators over many years of advisory work for the European Commission and other international and national institutions.
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The Welfare State: A Very Short Introduction

Author: David Garland

Publisher: Oxford University Press

ISBN: 0199672660

Category: Political Science

Page: 144

View: 704

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The programmes that make up the welfare state vary from nation to nation and from time to time, and the balance between markets and government, and free enterprise and social protection is perennially in question. In contemporary political debate the welfare state seems to be mostly viewed asa problem rather than a solution, and welfare programmes appear constantly on the defensive. ThisVery Short Introduction describes the modern welfare state, explaining its historical and contemporary significance and arguing that far from being 'a failure' or 'a problem', welfare states are an essential element of contemporary capitalism, and a vital concomitant of democratic government.In this accessible and entertaining account, David Garland cuts through the fog of misunderstandings to explain in clear and simple terms, what the welfare state is, how it works, and why it matters.ABOUT THE SERIES: The Very Short Introductions series from Oxford University Press contains hundreds of titles in almost every subject area. These pocket-sized books are the perfect way to get ahead in a new subject quickly. Our expert authors combine facts, analysis, perspective, new ideas, andenthusiasm to make interesting and challenging topics highly readable.
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The A to Z of the Welfare State

Author: Bent Greve

Publisher: Scarecrow Press

ISBN: 0810870037

Category: History

Page: 248

View: 1616

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Through cross-referenced A to Z entries, this book focuses on the historical development of the welfare state, while simultaneously providing in-depth explanation of core terms and elements of the welfare states, their structure, their present situation, and their historical developments. Supplementing the dictionary entries are a chronology, an introduction, and a bibliography.
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Foundations in Public Economics

Author: David A. Starrett

Publisher: Cambridge University Press

ISBN: 9780521348010

Category: Business & Economics

Page: 315

View: 1123

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Discusses the major theoretical foundations of modern public sector economics. Includes market failures encompassing externalities, pure public goods, local public goods and natural monopolies. Representative voting, benefit cost analysis, incentive compatible design mechanisms and the free market are points also covered. Special attention is paid to financial arrangements, techniques for eliciting necessary information and identification of biases that will result from incorrect procedures.
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An Introduction to Modern Economics

Author: Philip Hardwick,Bahadur Khan,John Langmead

Publisher: Longman Publishing Group

ISBN: 9780582357150

Category: Business & Economics

Page: 690

View: 4374

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An Introduction to Modern Economics provides an accessible introduction to all the major topics of an economics principles course.
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Introduction to Political Economy (Routledge Revivals)

Author: E. J. Mishan

Publisher: Routledge

ISBN: 113658644X

Category: Business & Economics

Page: 272

View: 9564

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First published in 1982, Introduction to Political Economy is a clear and concise introduction to the normative aspects of economics by one of the world’s leading authorities on the subject. In this highly readable book, Professor Mishan takes the student to the heart of the subject without recourse to algebra and with only the simplest of diagrams. The author carefully distinguishes the various meanings of the terms political economy, normative economics, welfare economics and allocative economics. He considers the standard allocation rules and the crucial concepts of consumer surplus and rent, which are so important to cost-benefit analysis, while then going on to resolve the paradoxes of the efficiency criterion. Lastly, Professor Mishan assesses both the social worth of radical conservatism, which is associated with the Chicago School of Economics, and the relevance of the modern theory of welfare economics to social welfare.
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Introduction to Modern Optics

Author: Grant R. Fowles

Publisher: Courier Corporation

ISBN: 048613492X

Category: Science

Page: 336

View: 9469

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A complete basic undergraduate course in modern optics for students in physics, technology, and engineering. The first half deals with classical physical optics; the second, quantum nature of light. Solutions.
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