Economic Efficiency and Social Welfare : Selected Essays on Fundamental Aspects of the Economic Theory of Social Welfare

ISBN-13: 9780415682350 / Angielski / Twarda / 2011 / 290 str.

E. J. Mishan

Opis

This title presents a collection of 22 pioneering essays written while the author was teaching at the London School of Economics and chosen to indicate landmarks in the development of his own thought. The essays are particularly relevant to upper level students of project appraisal, welfare economics, and cost benefit analysis.

Spis treści

PART 1: ECONOMIC CRITERIA  1. A Reappraisal of the Principles of Resource Allocation  2. Second thoughts on Second Best  3. The Recent Debate on Welfare Criteria  4. Welfare Criteria: Resolution of a Paradox  5. Economic Criteria for Intergenerational Comparisons  PART 2: ECONOMIC RENT OR SURPLUS  6. The Plain Truth About Consumer Surplus  7. Rent as a Measure of Welfare Change  8. What is Producer’s Surplus?  PART 3: EXTERNALITIES  9. Evaluation of Life and Limb: A Theoretical Approach  10. Interpretation of the Benefits of Private Transport  11. Pareto Optimality and the Law  12. What is the Optimal Level of Pollution?  13. The Postwar Literature on Externalities: An Interpretive Essay  PART 4: PROJECT EVALUATION  14. Flexibility and Consistency in Project Evaluation  15. The Use of Compensating and Equivalent Variations in Cost-Benefit Analysis  16. The Nature of Economics Expertise Reconsidered  17. The Use of DPV in Public Investment Criteria: A Critique  18. The Difficulty in Evaluating Long-lived Projects  PART 5: REFLECTIONS ON ECONOMIC EFFICIENCY AND SOCIAL WELFARE  19. What is Wrong With Roskill?  20. The Folklore of the Market: An Inquiry into the Economic Doctrines of the Chicago School  21. Do Economic Evaluations of Allocative Changes Have Any Validity in the West Today?  22. Whatever Happened to Progress?

O autorze

E Mishan