Distributive Justice and Welfare Economics

S. Subramanian ()
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S. Subramanian: Independent Researcher

Chapter Chapter 5 in Inequality and Poverty, 2019, pp 11-13 from Springer

Abstract: 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.

Date: 2019
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Persistent link: https://EconPapers.repec.org/RePEc:spr:spbchp:978-981-13-8185-0_5

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DOI: 10.1007/978-981-13-8185-0_5

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