A Survey of Welfare Economics, 1939–59

  • E. J. Mishan


While it continues to fascinate many, welfare economics does not appear at any time to have wholly engaged the labours of any one economist. It is a subject which, apparently, one dabbles in for a while, leaves and, perhaps, returns to later in response to a troubled conscience—which goes some way to explain why, more than other branches of economics, it suffers from an unevenness in its development, a lack of homogeneity in its treatment and, until very recently, a distressing disconnectedness between its parts.2


Marginal Cost Welfare Economic Indifference Curve Compensate Variation Optimum Tariff 
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Copyright information

© The Royal Economic Society and the American Economic Association 1965

Authors and Affiliations

  • E. J. Mishan
    • 1
  1. 1.London School of Economics and Political ScienceUK

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