welfare economics


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welfare economics

n (functioning as singular)
(Economics) the aspects of economic theory concerned with the welfare of society and priorities to be observed in the allocation of resources
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Welfare economics was a lifelong interest of Baumol.
I think that by rejecting welfare economics, the authors of Escape from Democracy have deprived themselves of a useful way to think about these issues.
Specifically, the authors there examine Pigou's role in the tariff controversy, which was initiated by Joseph Chamberlain, and examine Pigou's public engagement in that controversy and note how a series of principles first emerged in his work in 1906 during that engagement before those principles were incorporated into Pigou's subsequent and famous scholarly works on welfare economics.
Objective: This project aims at revisiting the economics of poverty by using recent advances in welfare economics.
In particular, the understanding of TPoSC has been hindered by a failure adequately to recognise that Coase himself conceived of it principally as a polemic against the welfare economics of AC Pigou; to some extent, no doubt, because this polemic is not made express until the latter part of the article.
He maintains that policy makers should focus on constitutional economics instead of on welfare economics.
This issue raises many deeper issues with the way in which one should undertake behavioral welfare economics.
Sus preocupaciones sobre el equilibrio competitivo y la optimalidad bajo condiciones de incertidumbre lo llevaron a publicar en 1963 el articulo "Uncertainty and the welfare economics of medical care", reconocido como la genesis de la Economia de la Salud.
In particular, any reader of Rothbard's works knows he not only used Misesian praxeology to develop a systematic approach to utility and welfare economics, but explicitly based this approach on the concepts of cooperation and coercion.
The Institute of Fiscal Studies rubbished Osborne's higher wages, lower welfare economics, but also got it wrong.
in the affirmative by applying the four environmental analytical frameworks of welfare economics, the commons, ecology and public choice theory to intellectual property rights (IPRs).
In such matters as these, the classical economists engaged in strenuous debate and discussion that served as a forerunner to the development of welfare economics during the 20th century.