Welfare Economics: Towards a More Complete Analysis by Y. Ng

Yew-Kwang Ng looks to make welfare economics more complete by discussing the recent inframarginal analysis of division of labour and by pushing welfare economics from the level of preference to that of happiness, making a reformulation of the foundation of public policy necessary. A theory of the third best is provided, with extension to the equality/efficiency issue.

a more complete welfare economics 1. Marginal versus inframarginal analysis 1. Basic inframarginal analysis of the division of labour 1. The devastating implications of increasing returns on some traditional conclusions 1. The Smith dilemma and its resolution 1. The Pareto optimality of general equilibrium in the new framework – the role of entrepreneurs 1. Welfare economic issues and. the division of labour 1. Implications 1. Summary Appendix 1. : A Simple Model of the Yang–Ng Framework of Specialisation 11 From Preference to Happiness 1. Preference economics or welfare ec. .

Yew-Kwang Ng looks at pushing welfare economics towards a more complete analysis. The book covers not only the basic topics, but also advanced and new arguments. Traditional topics including Pareto optimality, welfare criteria, consumer surplus, social choice, externality and public goods are considered. In addition, Professor Ng looks at more advanced issues and discusses Yew-Kwang Ng looks at pushing welfare economics towards a more complete analysis.

Yew-Kwang Ng looks to make welfare economics more complete by discussing the recent inframarginal analysis of division of labour and by pushing welfare economics from the level of preference to that of happiness, making a reformulation of the foundation of public policy necessary. The remarkable conclusion of treating a dollar as a dollar provides a powerful simplification of public policy formulation in general and in cost-benefit analysis in particular.

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1 edn, Palgrave Macmillan, New York USA. Welfare Economics: Towards a More Complete Analysis M3 - Book. BT - Welfare Economics: Towards a More Complete Analysis. PB - Palgrave Macmillan. CY - New York USA. ER -. Ng Y-K. Welfare Economics: Towards a More Complete Analysis. 1 ed. New York USA: Palgrave Macmillan, 2004.

Towards a More Complete Analysis. price for United Kingdom (gross). Yew-Kwang Ng looks to make welfare economics more complete by discussing the recent inframarginal analysis of division of labour and by pushing welfare economics from the level of preference to that of happiness, making a reformulation of the foundation of public policy necessary. Show all. About the authors. Towards a More Complete Analysis.

Welfare economics : towards a more complete analysis. Australian/Harvard Citation. Welfare economics : towards a more complete analysis, Yew-Kwang Ng. Book.