
An Introduction to Modern Welfare Economics
Per-Olov Johansson(Author)
Cambridge University Press
Published on 22. August 1991
Book
Hardback
188 pages
978-0-521-35616-9 (ISBN)
Article exhausted; check for reprint
Description
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.
Reviews / Votes
'An undergraduate student ... would find this a very useful reference ...' The Economic JournalMore details
Language
English
Place of publication
Cambridge
United Kingdom
Target group
Professional and scholarly
College/higher education
Illustrations
69 Line drawings, unspecified
Dimensions
Height: 237 mm
Width: 160 mm
Thickness: 16 mm
Weight
412 gr
ISBN-13
978-0-521-35616-9 (9780521356169)
Copyright in bibliographic data and cover images is held by Nielsen Book Services Limited or by the publishers or by their respective licensors: all rights reserved.
Schweitzer Classification
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New editions

Per-Olov Johansson
An Introduction to Modern Welfare Economics
Book
08/1991
Cambridge University Press
€60.70
Shipment within 15-20 days
Additional editions

Per-Olov Johansson
An Introduction to Modern Welfare Economics
Book
08/1991
Cambridge University Press
€60.70
Shipment within 15-20 days
Person
Content
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.