Distribution, Welfare, and Some Elements of Social Choice Theory

S. Subramanian ()
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S. Subramanian: Independent Researcher

Chapter Chapter 7 in Inequality and Poverty, 2019, pp 19-23 from Springer

Abstract: Abstract This chapter serves as an occasion to introduce the reader to some elements of Social Choice Theory as these relate to the role of distributional concerns in Welfare Economics. Specific attention is paid to an elucidation of ‘compensation criteria’ in Welfare Economics and social choice; to the ‘informational’ significance of Arrow’s General Possibility Theorem; and to a theorem of Sen’s on the restricted ability of Paretian Welfare Economics to pronounce on distributional conflicts.

Date: 2019
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Persistent link: https://EconPapers.repec.org/RePEc:spr:spbchp:978-981-13-8185-0_7

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DOI: 10.1007/978-981-13-8185-0_7

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