A Critique of Welfare Economics

Hardcover | September 15, 2002

byI. M. D. Little

not yet rated|write a review
A Critique of Welfare Economics was first published in 1950. It was concerned with the exposition, criticism, and appreciation of the theory of economic welfare as it had been developed to that date. It was an attempt to clarify what was meant by 'welfare'; to distinguish measurable,verifiable elements of the theory from subjective normative judgements about policies for improving economic well-being; and to establish criteria for determining whether one configuration of the economic system is better or worse than another. Little showed that the welfare theory of the time couldbe based directly on individual market choices, and that resort to traditional utilitarian concepts was not essential.A Critique of Welfare Economics is now reissued at the same time as Ethics, Economics, and Politics -- Little's latest book which explores the overlap between the three disciplines, and discusses the need for political decisions in economic matters, and the principles guiding them. He has added anew retrospective preface to Critique in which he assesses the contribution the book made in the light of subsequent literature in the area.

Pricing and Purchase Info

$149.50

Ships within 1-3 weeks
Ships free on orders over $25

From the Publisher

A Critique of Welfare Economics was first published in 1950. It was concerned with the exposition, criticism, and appreciation of the theory of economic welfare as it had been developed to that date. It was an attempt to clarify what was meant by 'welfare'; to distinguish measurable,verifiable elements of the theory from subjective nor...

I.M.D. Little is Emeritus Fellow of Nuffield College, Oxford. He was made an Honorary Fellow of New College, Oxford in 1999. During his career he has held fellowships at All Souls College, Oxford, Trinity College, Oxford, and from 1971-7 was Professor of Economics of Underdeveloped Countries at the University of Oxford. Professor Litt...

other books by I. M. D. Little

FIVE LITTLE MONKEYS FINGER PUPPET BK
FIVE LITTLE MONKEYS FINGER PUPPET BK

Hardcover|Jun 1 2015

$5.99

Shopkins Seek and Find
Shopkins Seek and Find

Paperback|Oct 20 2015

$6.05

Once Upon A Golden Apple: 25th Anniversary Edition
Once Upon A Golden Apple: 25th Anniversary Edition

Board Book|Oct 4 2016

$9.68 online$10.99list price(save 11%)
see all books by I. M. D. Little
Format:HardcoverDimensions:324 pages, 8.5 × 5.43 × 0.88 inPublished:September 15, 2002Publisher:Oxford University PressLanguage:English

The following ISBNs are associated with this title:

ISBN - 10:0198281196

ISBN - 13:9780198281191

Look for similar items by category:

Customer Reviews of A Critique of Welfare Economics

Reviews

Extra Content

Table of Contents

1. Utilitarian Economics2. The Analysis of Consumers' Behaviour3. The Choice Criterion4. The Distribution of Welfare5. Value Judgements and Welfare Economics6. The New Welfare Economics (1): Welfare Criteria7. The New Welfare Economics (2): The Economic Welfare Function8. The 'Optimum' Conditions of Production and Exchange (1)9. The 'Optimum' Conditions of Production and Exchange (2)10. Indivisibilities and Consumers' Surplus11. Output and Price Policy in Public Enterprise12. The Valuation of the National Income13. Welfare Theory and International Trade14. Welfare Theory and Politics15. ConclusionsAppendices.

Editorial Reviews

`This book establishes [Little] as a thinker of the first flight and a fine economic theorist''The Economist