Introduction

Jeffrey James

A chapter in Consumer Choice in the Third World, 1983, pp 1-3 from Palgrave Macmillan

Abstract: Abstract It is remarkable how many of the things which common sense tells us are part of economic welfare form almost no part of the literature of the subject. None of the major works on welfare economics, for example, contains more than passing references to advertising, new products or ‘inefficient’ consumer choices.1 The failure to deal adequately with such major facts of economic life must be counted as a serious weakness of the subject. The aim of this book is an attempt to redress the imbalance by integrating these issues more closely into the discussion of welfare economics.

Keywords: American Economic Review; Welfare Economic; Welfare Effect; Consumer Choice; Major Work (search for similar items in EconPapers)
Date: 1983
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DOI: 10.1007/978-1-349-06109-9_1

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