Abstract
This chapter carries forward the work of Chap. 4, by discussing the (as it happens, very restricted) role of distributional questions in Welfare Economics. Drawing on the fine expository work of Hal Varian, this chapter reviews the meaning and limits of the so-called First Theorem of Welfare Economics and highlights the dominance of efficiency considerations and the relative insignificance of distributional concerns in the analytical structure of Welfare Economics.
This is a preview of subscription content, log in via an institution to check access.
Access this chapter
Tax calculation will be finalised at checkout
Purchases are for personal use only
Author information
Authors and Affiliations
Corresponding author
Rights and permissions
Copyright information
© 2019 The Author(s), under exclusive license to Springer Nature Singapore Pte Ltd.
About this chapter
Cite this chapter
Subramanian, S. (2019). Distributive Justice and Welfare Economics. In: Inequality and Poverty. SpringerBriefs in Economics. Springer, Singapore. https://doi.org/10.1007/978-981-13-8185-0_5
Download citation
DOI: https://doi.org/10.1007/978-981-13-8185-0_5
Published:
Publisher Name: Springer, Singapore
Print ISBN: 978-981-13-8184-3
Online ISBN: 978-981-13-8185-0
eBook Packages: Economics and FinanceEconomics and Finance (R0)