Welfare Economics

Dutch, Yew-Kwang Ng, 2004
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The textbook "Welfare Economics" by Yew-Kwang Ng offers a comprehensive analysis of welfare economics and expands the discussion beyond traditional preference theory. Ng integrates the inframarginal analysis of labor division and argues for a redefinition of the foundations of public policy by shifting the focus from mere preferences to a concept of happiness. The book also addresses the theory of the third best and highlights the challenges in the tension between equality and efficiency. A key insight is the simplification of public policy formulation, particularly in cost-benefit analysis, by treating one dollar as equivalent to another. These approaches provide valuable perspectives for designing policies that promote the well-being of society.

Key specifications

Language
Dutch
topic
Social sciences
Author
Yew-Kwang Ng
Number of pages
355
Book cover
Paperback
Year
2004
Item number
55821234

General information

Publisher
Springer
Category
Reference books
Release date
11.3.2025

Book properties

topic
Social sciences
Language
Dutch
Author
Yew-Kwang Ng
Year
2004
Number of pages
355
Edition
2004
Book cover
Paperback
Year
2004

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