Welfare Economics

Towards a More Complete Analysis

  • Yew-Kwang Ng

Table of contents

  1. Front Matter
    Pages iii-xiii
  2. Yew-Kwang Ng
    Pages 1-25
  3. Yew-Kwang Ng
    Pages 26-46
  4. Yew-Kwang Ng
    Pages 92-126
  5. Yew-Kwang Ng
    Pages 127-143
  6. Yew-Kwang Ng
    Pages 144-163
  7. Yew-Kwang Ng
    Pages 164-186
  8. Yew-Kwang Ng
    Pages 187-229
  9. Yew-Kwang Ng
    Pages 257-283
  10. Back Matter
    Pages 306-355

About this book


Yew-Kwang Ng looks to make welfare economics more complete by discussing the recent inframarginal analysis of division of labour and by pushing welfare economics from the level of preference to that of happiness, making a reformulation of the foundation of public policy necessary. A theory of the third best is provided, with extension to the equality/efficiency issue. The remarkable conclusion of treating a dollar as a dollar provides a powerful simplification of public policy formulation in general and in cost-benefit analysis in particular.


income distribution taxation Welfare welfare economics

Authors and affiliations

  • Yew-Kwang Ng
    • 1
  1. 1.Monash UniversityAustralia

Bibliographic information

Industry Sectors
Finance, Business & Banking