An interview with Paul Samuelson: welfare economics, "old" and "new", and social choice theory
نویسنده
چکیده
منابع مشابه
Social Welfare Functions and Income Distributions
Old welfare economics, Pigou (1920), considered social welfare as a cardinal notion, while new welfare economics,1 Little (1950) and Graaff (1957), consider social welfare as an ordinal notion. An in depth introduction to welfare economics and a discussion of the transition from old to new welfare economics, is expounded quite well by Samuelson (1947, Chap. 8, pp. 203–219, and pp. 249–252). For...
متن کاملTitle On Constrained Dual Recoverability Theorems
In a recent paper [“Paretian Welfare Judgements and Bergsonian Social Choice,” Economic Journal, Vol. 109, 1999, pp. 204-220], Suzumura proposed a possible way of relating the two schools of “new” welfare economics. According to his proposal, the logical possibility of the Paretian “new” welfare economics can be reduced to the constrained dual choice-functional recoverability of the Pareto-comp...
متن کاملOn constrained dual recoverability theorems
In a recent paper [“Paretian Welfare Judgements and Bergsonian Social Choice,” Economic Journal, Vol. 109, 1999, pp. 204-220], Suzumura proposed a possible way of relating the two schools of “new” welfare economics. According to his proposal, the logical possibility of the Paretian “new” welfare economics can be reduced to the constrained dual choice-functional recoverability of the Pareto-comp...
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The unequal allocation of economic resources, or other resources of wealth, regarding to the efficiency among the factors of production, is considered as one of the most important condition of optimal resource allocation in the market system. In other words, the market mechanism in the process of allocating resources among the factors of production rewards to the resources with higher returns. ...
متن کاملAn Interview with Michael Dummett: from Analytical Philosophy to Voting Analysis and Beyond
Social choice and welfare economics are subjects at the frontier of many disciplines. Even if economics played the major rôle in their development, sociology, psychology and, principally, political science, mathematics and philosophy have been central for the manifold inventiveness of the employed methods and for the diversity of the studied topics. This phenomenon can be compared with game the...
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عنوان ژورنال:
- Social Choice and Welfare
دوره 25 شماره
صفحات -
تاریخ انتشار 2005