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Welfare Economics and Externalities In An Open Ended Universe

A Modern Austrian Perspective

  • Book
  • © 1992

Overview

Authors:
  1. Roy E. Cordato
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Table of contents (7 chapters)

  1. Front Matter

    Pages i-xx
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  2. Introduction

    • Roy E. Cordato
    Pages 1-13

  3. The Genealogy of the Austrian Position

    • Roy E. Cordato
    Pages 15-37

  4. Externalities and Modern Austrian Theories of Economic Welfare: Problems and Promises

    • Roy E. Cordato
    Pages 39-55

  5. Catallactic Efficiency: Welfare Economics in an Open Ended World

    • Roy E. Cordato
    Pages 57-71

  6. Catallactic Efficiency and Externalities

    • Roy E. Cordato
    Pages 73-90

  7. Application: The Economics of Tort Liability

    • Roy E. Cordato
    Pages 91-110

  8. Conclusion

    • Roy E. Cordato
    Pages 111-118

  9. Back Matter

    Pages 119-140
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Keywords

About this book

Along with the renewed interest in the Austrian school of economics over the last two decades, important advances have been made in applying its princples to concrete issues that typically face market economics. However, very little has been done in the area of externalities and the concept of social efficiency.
The overarching purpose of this book is to establish a sound theoretical basis for further empirical and public policy analysis in the area of externalities. In order to do this, a general theory of welfare economics is required. The author offers an alternative to the conventional neoclassical welfare paradigm -- his construct does not include perfect competition or general equilibrium.
After the author develops his theory of welfare economics, he interprets externalities in light of the theory and discusses policy remedies and directions for further research.

Bibliographic Information

  • Book Title: Welfare Economics and Externalities In An Open Ended Universe

  • Book Subtitle: A Modern Austrian Perspective

  • Authors: Roy E. Cordato

  • DOI: https://doi.org/10.1007/978-1-4757-2145-4

  • Publisher: Springer New York, NY

  • eBook Packages: Springer Book Archive

  • Copyright Information: Springer Science+Business Media New York 1992

  • Softcover ISBN: 978-1-4757-2147-8Published: 22 November 2012

  • eBook ISBN: 978-1-4757-2145-4Published: 09 March 2013

  • Edition Number: 1

  • Number of Pages: XX, 140

  • Topics: Microeconomics, Political Science, Political Philosophy

  • Industry Sectors: Finance, Business & Banking

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