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On the Geometry of Welfare Economics

Peter Kenen

The Quarterly Journal of Economics, 1957, vol. 71, issue 3, 426-447

Abstract: I. The Bowley-Edgeworth box diagram can be used to describe an exchange but not a production equilibrium, 426. — II. A modified box diagram that allows a complete and explicit treatment of the welfare implications of changes in production, 429. — III. Relation of modified box diagram to some recent work in welfare economics, 433. — IV. Application of modified box diagram to analysis of certain propositions in the theory of international trade, 439.

Date: 1957
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