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Welfare Economics And The Theory Of Economic Policy |
Edited by Donald A. Walker, Professor and Chairperson, Department of Economics, Indiana University of Pennsylvania, US, Arnold Heertje, Emeritus Professor of Economics, University of Amsterdam, The Netherlands and Hans van den Doel, Emeritus Professor of Economics,University of Amsterdam, The Netherlands
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| 1995 |
328 pp |
Hardback |
978 1 85898 242 7 |
$150.00 |
on-line discount
$135.00 |
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‘. . . I recommend the book especially to the “mainstream” sceptics.’
– Yew-Kwang Ng, The Manchester School
Pieter Hennipman, the leading Dutch economist of the post-war period, made many substantial contributions to economic policy, welfare economics and, latterly, the methodology and history of economic thought during a long and distinguished career.
Welfare Economics and the Theory of Economic Policy brings together a key selection of Professor Hennipman’s papers – many of which have not been published in English before – which express his profound analysis of the theory of economic policy and his masterful discussion of its definition, character and scope. The pioneering work featured here developed his argument that normative economic statements and economic policies can be analysed scientifically and evaluated with the use of objective criteria.
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Contents: Preface Introduction 1. On the Theory of Economic Policy 2. Pareto Optimality: Value Judgement or Analytical Tool? 3. Welfare Economics: The Hennipman–Mishan Debate 4. The Reasoning of a Great Methodologist: Mark Blaug on the Nature of Paretian Welfare Economics 5. Two Kinds of Interpersonal Utility Comparison 6. Distribution in Paretian Welfare Economics 7. Wicksell and Pareto: Their Relationship in the Theory of Public Finance 8. Some Notes on Pareto Optimality and Wicksellian Unanimity 9. A Tale of Two Schools: Comments on a New View of the Ordinalist Revolution 10. Hicks, Robbins and the Demise of Pigovian Welfare Economics: Rectification and Amplification Index
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