A Theory of Fairness and Social Welfare (Econometric Society by Marc Fleurbaey,François Maniquet

By Marc Fleurbaey,François Maniquet

The definition and size of social welfare were a vexed factor for the earlier century. This e-book makes a confident, simply appropriate notion and indicates tips to evaluation the industrial scenario of a society in a fashion that provides precedence to the worse-off and that respects each one individual's personal tastes over his or her personal intake, paintings, rest and so forth. This technique resonates with the present predicament to move 'beyond the GDP' within the size of social development. in comparison to technical stories in welfare economics, this ebook emphasizes confident effects instead of paradoxes and impossibilities, and exhibits how you can commence from easy rules of potency and equity and prove with concrete reviews of guidelines. in comparison to extra philosophical remedies of social justice, this publication is extra specified in regards to the definition of social welfare and reaches conclusions approximately concrete regulations and associations purely after a rigorous derivation from basically acknowledged principles.

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