Divided into three parts, this volume covers economic growth and related problems, theoretical welfare economics, and practical welfare economics, providing a broad overview of the various aspects of welfare provision from an economics perspective.

Dealing with general economic theory, other than employment theory, this book discusses the theory of pure & monopolistic competition, with a special emphasis on welfare aspects. Analysis of the consumer & of the individual firm, is followed by analysis of the economic system as a whole.

Analysing the advantages & disadvantages of European union, this book discusses competition & the nature & direction of the increased pressures it brings to bear upon entrepreneurial activity, through which the effects of economic union will mostly be felt.

When this classic work was first published in 1976, its central tenet--more is not necessarily better--placed it in direct conflict with mainstream thought in economics. Within a few years, however, this apparently paradoxical claim was gaining wide acceptance. Scitovsky's ground-breaking book was the first to apply theories of behaviorist psychology to questions of consumer behavior and to do so in clear, non-technical language. Setting out to analyze the failures of our consumerist lifestyle, Scitovsky concluded that people's need for stimulation is so vital that it can lead to violence if...