Welfare Economics by R. F. BoadwayWelfare Economics by R. F. Boadway

Welfare Economics

byR. F. Boadway, Bruce Niel

Paperback | January 8, 1991

Pricing and Purchase Info

$76.13 online 
$77.99 list price
Earn 381 plum® points

Prices and offers may vary in store


In stock online

Ships free on orders over $25

Not available in stores


This clear and balanced introduction to welfare economics reflects the most recent advances in the field. Designed for third-year undergraduate and graduate courses, it offers an extensive treatment of both the theory of welfare economics and the techniques for applying that theory to real problems.

The first part of the book presents a synthesis of the theory. Starting from the premise that the purpose of theory is to provide criteria for ordering alternative economic states, the authors analyse the relationship between individual and social orderings. They discuss the conditions of Pareto efficiency and optimality as well as the ways in which market economies may fail to achieve a Pareto optimal allocation of resources. They go on to evaluate the theory of social welfare functions, paying particular attention to recent developments.

The second part of the book considers the principles of applied welfare economics. Developing the use of the compensating variation as their main tool, the authors discuss welfare change measurement in single-person and many-person economies. In the final chapter they survey the recent literature on cost-benefit analysis.
Robin W. Boadway is Professor of Economics, Queen's University, Ontario, Canada and Neil Bruce is Professor of Economics, UCLA, USA.
Title:Welfare EconomicsFormat:PaperbackDimensions:356 pages, 9.69 × 6.79 × 0.76 inPublished:January 8, 1991

The following ISBNs are associated with this title:

ISBN - 10:0631133275

ISBN - 13:9780631133278

Look for similar items by category: