Applied Welfare Economics and Frisch’s Conjecture

  • George McKenzie
Conference paper


My objective in this paper is to consider a number of ambiguities which have arisen in modern applied welfare economics. At a technical level, I am not proposing to say anything new. Rather I will be concerned with the interpretation and critical assessment of some recent literature and the direction in which I believe this area of research should proceed in the future.


Consumer Behaviour Marginal Utility Preference Function Social Welfare Function Monetary Unit 
These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.


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Copyright information

© Springer-Verlag Berlin Heidelberg 1988

Authors and Affiliations

  • George McKenzie
    • 1
  1. 1.SouthamptonUK

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