Introduction

Robert Cairns

Chapter 1 in Economic Theory, Welfare and the State, 1990, pp 1-11 from Palgrave Macmillan

Abstract: Abstract In a market economy, what is the role of collective efforts to improve social welfare and what does economic theory have to say about it? The chapters in this volume, written by former colleagues and friends of the late Jack Weldon, all touch on this pair of questions in a way that reflects the concerns of Weldon’s career. One of my more vivid recollections of Weldon was his continual insistence on ‘the essential unity of economics’. Possibly a part of that unity is its consistent attempt to address these two questions. In spite of the jokes about economists’ habitual divergence of opinion, that unity comes out in this collection. More to the point, the attempt has not been a labour of Sisyphus, even though the problems have not been and probably cannot be resolved.

Keywords: Social Welfare Function; Monetary Authority; Public Pension; Pension Benefit; Moral Sentiment (search for similar items in EconPapers)
Date: 1990
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-349-10911-1_1

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DOI: 10.1007/978-1-349-10911-1_1

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