Are Social Indifference Curves Convex?
W. M. Gorman
The Quarterly Journal of Economics, 1959, vol. 73, issue 3, 485-496
Abstract:
Introduction, 485. — Samuelson's postulate on social indifference curves, 486. — Importance to it of the concept of diminishing marginal rates of substitution, 486. — Assumption that it reflects the prevaijing egalitarian ethic and the concept of ' diminishing marginal utility, 487. — In fact it has little to do with "egalitarianism" and is much more closely related to "moderation," 489. — Model showing Samuelson's postulate and some of the cases in which it may not hold, 489. — The problem of convexity and the relationship between "social" and "community" indifference curves, 495.
Date: 1959
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