The focus of this textbook is on the link between ethics and economic policy analysis. Basic philosophical concepts are systematically described, followed by conventional welfare economic theory and policy, and applications to some topical economic problems such as income distribution and sustainable development.
The focus of this textbook is on the link between ethics and economic policy analysis. Basic philosophical concepts are systematically described, followed by conventional welfare economic theory and policy, and applications to some topical economic problems such as income distribution and sustainable development.
WILFRED BECKERMAN Honorary Visiting Professor of Economics, University College London, UK; and Emeritus Fellow of Balliol College, University of Oxford.
Inhaltsangabe
Introduction.- Fact or Value? A Simple Example: Sustainable Development and the Discount Rate.- Positive Propositions and Value Judgements.- Fact and Value in Welfare Economics.- From Individuals' Choices to their 'Welfare'.- Pareto Optimality and the Social Welfare Function.- From Individuals' Welfares to Social Welfare.- Utilitarianism in Welfare Economics.- Some Major Criticisms of Utilitarianism.- GDP and Friends.- Happiness.- Why Equality?.- What Equality?.- The Boundary of Society: The Boundary in Space.- The Boundary of Society: The Boundary in Time.- Discounting the Future.- Valuing Life.- Overview: Value Judgements in Welfare Economics .- Bibliography.
Introduction.- Fact or Value? A Simple Example: Sustainable Development and the Discount Rate.- Positive Propositions and Value Judgements.- Fact and Value in Welfare Economics.- From Individuals' Choices to their 'Welfare'.- Pareto Optimality and the Social Welfare Function.- From Individuals' Welfares to Social Welfare.- Utilitarianism in Welfare Economics.- Some Major Criticisms of Utilitarianism.- GDP and Friends.- Happiness.- Why Equality?.- What Equality?.- The Boundary of Society: The Boundary in Space.- The Boundary of Society: The Boundary in Time.- Discounting the Future.- Valuing Life.- Overview: Value Judgements in Welfare Economics .- Bibliography.
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