By Marc Fleurbaey,François Maniquet

ISBN-10: 0521715342

ISBN-13: 9780521715348

ISBN-10: 0521887429

ISBN-13: 9780521887427

The definition and size of social welfare were a vexed factor for the previous century. This publication makes a confident, simply appropriate notion and indicates the best way to review the industrial state of affairs of a society in a fashion that provides precedence to the worse-off and that respects every one individual's personal tastes over his or her personal intake, paintings, relaxation etc. This strategy resonates with the present difficulty to move 'beyond the GDP' within the size of social growth. in comparison to technical reviews in welfare economics, this publication emphasizes positive effects instead of paradoxes and impossibilities, and exhibits how you can commence from uncomplicated rules of potency and equity and prove with concrete reviews of guidelines. in comparison to extra philosophical remedies of social justice, this ebook is extra detailed concerning the definition of social welfare and reaches conclusions approximately concrete rules and associations in basic terms after a rigorous derivation from truly acknowledged principles.

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A Theory of Fairness and Social Welfare (Econometric Society Monographs) by Marc Fleurbaey,François Maniquet

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