Abstract
The foundations of modern economic techniques reside in theories of welfare economics, and some examination of these foundations is necessary for the rest of the book. The discussion here is in no way technical, my main purpose being to demonstrate and consider the logical and political assumptions which are implicitly, and sometimes explicitly, present in these economic theories.
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Notes and References
I. M. D. Little, A Critique of Welfare Economics (Oxford, 1950).
J. Bentham, An Introduction to the Principles of Morals and Legislation (London, 1789).
D. W. Pearce, Cost-Benefit Analysis (London, 1971), p. 52.
J. K. Galbraith, American Capitalism: the Concept of Countervailing Power (London, 1952).
Sir Geoffrey Vickers, Value Systems and Social Process (London, 1968).
A. K. Dasgupta and D. W. Pearce, Cost-Benefit Analysis, Theory and Practice (London, 1972) p. 25.
K. J. Arrow, Social Choice and Individual Values (New York, 1963).
A. K. Sen, Collective Choice and Social Welfare (Edinburgh, 1970).
A. K. Sen, Behaviour and the Concept of Preference (London School of Economics, 1973).
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© 1975 Peter Self
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Self, P. (1975). The Dilemmas of Welfare Economics. In: Econocrats and the Policy Process. Palgrave, London. https://doi.org/10.1007/978-1-349-86169-9_2
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DOI: https://doi.org/10.1007/978-1-349-86169-9_2
Publisher Name: Palgrave, London
Print ISBN: 978-0-333-18096-9
Online ISBN: 978-1-349-86169-9
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