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Traditionally, economists have referred to either the Hicksian criterion or the Kaldorian criterion as the yardstick to whether a policy is welfare enhancing. The author argues for an alternative, ex ante welfare increase criterion that is based on how people would assess a policy if they were completely impartial and totally ignored their personal interests. It applies the principles to key policy concerns such as health policy, tort law reform, education and cultural policy, and pension reform.
The book is written in clear prose intelligible to students and non-specialists, and is
…mehr

Produktbeschreibung
Traditionally, economists have referred to either the Hicksian criterion or the Kaldorian criterion as the yardstick to whether a policy is welfare enhancing. The author argues for an alternative, ex ante welfare increase criterion that is based on how people would assess a policy if they were completely impartial and totally ignored their personal interests. It applies the principles to key policy concerns such as health policy, tort law reform, education and cultural policy, and pension reform.

The book is written in clear prose intelligible to students and non-specialists, and is supplemented with diagrams, tables, and charts. It strives to bring in alternative perspectives, yet nevertheless not stops short of offering a clean analysis that offers a clear direction of wherein an optimal policy lies.


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Autorenporträt
Lok Sang Ho, Professor of Economics and Director of the Centre for Public Policy Studies, Lingnan University, has published over ninety academic papers in journals and book chapters. Prof. Ho has been active in community and professional service. He served as President of the HK Economic Association for eight years through 2007 and had been an Advisor for the Hong Kong Institute of Monetary Research for ten years from 1999. He had also served as a member of HK Committee of the Pacific Economic Cooperation Council and the Central Policy Unit of the Hong Kong SAR Government. Presently he is a member of the Standing Commission on Civil Service Salaries and Conditions of Service, the Policy Research and Advocacy Committee of the HK Council of Social Services, and the Task Force on Study Project on Volunteering in Hong Kong for the Agency for Voluntary Services, etc. After stepping down as President of the HK Economic Association, he continues to serve the Association as Hon. Treasurer.