Retrospectives: James Buchanan: Clubs and Alternative Welfare Economics
نویسندگان
چکیده
James Buchanan wrote “An Economic Theory of Clubs” and invented clubs to support a form welfare economics in which there is no social function (SWF) individual utility functions cannot be “read” by external observers. Clubs were means allow the implementation individualized prices for public goods services each pay exactly amount he wants pay. He developed this project answer counter Paul Samuelson's analysis goods, play crucial role. Samuelson disagreed over allocation costs good individual. To Buchanan, it was relying on individual's preferences. Samuelson, using SWF. Buchanan's are thus foreign incompatible with traditional Samuelson-style they used.
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ژورنال
عنوان ژورنال: Journal of Economic Perspectives
سال: 2021
ISSN: ['0895-3309', '1944-7965']
DOI: https://doi.org/10.1257/jep.35.3.243