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About this book
Yew-Kwang Ng looks to make welfare economics more complete by discussing the recent inframarginal analysis of division of labour and by pushing welfare economics from the level of preference to that of happiness, making a reformulation of the foundation of public policy necessary. A theory of the third best is provided, with extension to the equality/efficiency issue. 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.
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Table of contents (12 chapters)
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Front Matter
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Back Matter
Authors and Affiliations
About the author
YEW-KWANG NG holds a Personal Chair in Economics at Monash University, Australia, and has been a fellow of the Academy of Social Sciences in Australia since 1980. He has published in welfare economics, meso-economics, welfare biology, and collaborates with Professor Xiaokai Yang on an infra-marginal analysis of division of labour.
Bibliographic Information
Book Title: Welfare Economics
Book Subtitle: Towards a More Complete Analysis
Authors: Yew-Kwang Ng
DOI: https://doi.org/10.1057/9781403944061
Publisher: Palgrave Macmillan London
eBook Packages: Palgrave Economics & Finance Collection, Economics and Finance (R0)
Copyright Information: Palgrave Macmillan, a division of Macmillan Publishers Limited 2004
Hardcover ISBN: 978-0-333-97121-5Published: 19 December 2003
Softcover ISBN: 978-1-349-42943-1Published: 01 January 2004
eBook ISBN: 978-1-4039-4406-1Published: 19 December 2003
Edition Number: 1
Number of Pages: XIII, 355
Topics: Social Choice/Welfare Economics/Public Choice/Political Economy, Social Care, International Political Economy