A nostalgic retrospect on a debate on various aspects of welfare economics

Kurt Rothschild

The European Journal of the History of Economic Thought, 2009, vol. 16, issue 4, 559-574

Abstract: About 50 years ago a lively discussion was started in the 'Notes and Memoranda' sections of the Economic Journal about the new welfare economics that had been initiated by Kaldor and Hicks 10 years earlier and was heavily criticized by Little in 1950. Altogether 18 Notes appeared dealing with questions of definition, of limitations, of practical relevance and theoretical details. This paper gives an overview of this discussion and presents it as a methodological approach of the past which that declined as a consequence of the spread of the referee process.

Keywords: Economics; methodology; evaluation; welfare economics (search for similar items in EconPapers)
Date: 2009
References: Add references at CitEc
Citations:

Downloads: (external link)
http://www.tandfonline.com/doi/abs/10.1080/09672560903201235 (text/html)
Access to full text is restricted to subscribers.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:taf:eujhet:v:16:y:2009:i:4:p:559-574

Ordering information: This journal article can be ordered from
http://www.tandfonline.com/pricing/journal/REJH20

DOI: 10.1080/09672560903201235

Access Statistics for this article

The European Journal of the History of Economic Thought is currently edited by José Luís Cardoso

More articles in The European Journal of the History of Economic Thought from Taylor & Francis Journals
Bibliographic data for series maintained by Chris Longhurst ().