Economics Dictionary of ArgumentsHome
| |||
|
| |||
| Welfare economics: Welfare economics examines how resources are allocated for optimal societal well-being and efficiency. It assesses the distribution and utilization of goods and services, aiming to maximize overall social welfare. See also Utilitarianism, Society, Justice, Distributive justicem, Efficiency, Pareto-Optimum._____________Annotation: The above characterizations of concepts are neither definitions nor exhausting presentations of problems related to them. Instead, they are intended to give a short introduction to the contributions below. – Dictionary of Arguments. | |||
| Author | Concept | Summary/Quotes | Sources |
|---|---|---|---|
|
Kenneth J. Arrow on Welfare Economics - Dictionary of Arguments
Mause I 271 Welfare Economics/Arrow: Def Arrow theorem: it is impossible to democratically derive from the unrestricted preferences of individuals a consistent social welfare function that cannot be manipulated by adding irrelevant alternatives and fulfils the Pareto criterion. (1) ArrowVsNeoclassical theories, See Welfare Economics/Neoclassical Economics. Problems: See Benefit/Mueller, Dennis C. 1.Kenneth J. Arrow, Social choice and individual values. New Haven 1951._____________Explanation of symbols: Roman numerals indicate the source, arabic numerals indicate the page number. The corresponding books are indicated on the right hand side. ((s)…): Comment by the sender of the contribution. Translations: Dictionary of Arguments The note [Concept/Author], [Author1]Vs[Author2] or [Author]Vs[term] resp. "problem:"/"solution:", "old:"/"new:" and "thesis:" is an addition from the Dictionary of Arguments. "Vs" indicates differences in content, not necessarily the chronological progression of a controversy. If a German edition is specified, the page numbers refer to this edition. |
EconArrow I Kenneth J. Arrow Social Choice and Individual Values: Third Edition New Haven 2012 Mause I Karsten Mause Christian Müller Klaus Schubert, Politik und Wirtschaft: Ein integratives Kompendium Wiesbaden 2018 |
||
Authors A B C D E F G H I J K L M N O P Q R S T U V W X Y Z
Concepts A B C D E F G H I J K L M N O P Q R S T U V W X Y Z
