Introduction

Yew-Kwang Ng ()

Chapter 1 in Welfare Economics, 2004, pp 1-25 from Palgrave Macmillan

Abstract: Abstract Welfare economics is a very important branch of economic theory. It serves as a foundation for many applied (relatively speaking) branches of economics, such as public finance, cost—benefit analysis and the economics of government policy in many areas, including international trade, industry and welfare (social security and so on). The importance of welfare economics is scarcely in any doubt.

Keywords: Utility Function; Social Welfare; Welfare Economic; Subjective Judgment; Social Welfare Function (search for similar items in EconPapers)
Date: 2004
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-4039-4406-1_1

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DOI: 10.1057/9781403944061_1

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