The Resource Quiet revolution in welfare economics, Robin Hahnel, Michael Albert

Quiet revolution in welfare economics, Robin Hahnel, Michael Albert

Label
Quiet revolution in welfare economics
Title
Quiet revolution in welfare economics
Statement of responsibility
Robin Hahnel, Michael Albert
Creator
Contributor
Subject
Language
eng
Summary
This ambitious work presents a critique of traditional welfare theory and proposes a new approach to it. Radical economists Robin Hahnel and Michael Albert argue that an improved theory of social welfare can consolidate and extend recent advances in microeconomic theory, and generate exciting new results as well. The authors show that once the traditional "welfare paradigm" is appropriately modified, a revitalized welfare theory can clarify the relationship between individual and social rationalitya task that continues to be of interest to mainstream and nonmainstream economists alike. Hahnel and Albert show how recent work in the theory of the labor process, externalities, public goods, and endogenous preferences can advance research in welfare theory. In a series of important theorems, the authors extend the concept of Pareto optimality to dynamic contexts with changing preferences and thus highlight the importance of institutional bias. This discussion provides the basis for further analysis of the properties and consequences of private and public enterprise and of markets and central planning. Not surprisingly, Hahnel and Albert reach a number of conclusions at odds with conventional wisdom.--
Assigning source
Provided by Publisher
Cataloging source
DLC
http://library.link/vocab/creatorName
Hahnel, Robin
Illustrations
illustrations
Index
index present
LC call number
HB846
LC item number
.H34 1990
Literary form
non fiction
Nature of contents
bibliography
http://library.link/vocab/relatedWorkOrContributorDate
1947-
http://library.link/vocab/relatedWorkOrContributorName
Albert, Michael
http://library.link/vocab/subjectName
  • Welfare economics
  • Économie du bien-être
  • Welfare economics
  • Geschichte
  • Wohlfahrtstheorie
  • Welvaartseconomie
Label
Quiet revolution in welfare economics, Robin Hahnel, Michael Albert
Instantiates
Publication
Bibliography note
Includes bibliographical references (p. 353-417) and index
Carrier category
volume
Carrier category code
nc
Carrier MARC source
rdacarrier
Content category
text
Content type code
txt
Content type MARC source
rdacontent
Dimensions
24 cm
Extent
xii, 440 pages
Isbn
9780691042527
Lccn
89010995
Media category
unmediated
Media MARC source
rdamedia
Media type code
n
Other physical details
illustrations
System control number
(OCoLC)20356869
Label
Quiet revolution in welfare economics, Robin Hahnel, Michael Albert
Publication
Bibliography note
Includes bibliographical references (p. 353-417) and index
Carrier category
volume
Carrier category code
nc
Carrier MARC source
rdacarrier
Content category
text
Content type code
txt
Content type MARC source
rdacontent
Dimensions
24 cm
Extent
xii, 440 pages
Isbn
9780691042527
Lccn
89010995
Media category
unmediated
Media MARC source
rdamedia
Media type code
n
Other physical details
illustrations
System control number
(OCoLC)20356869

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