The Market and the State: Essays in Honour of Adam SmithClarendon Press, 1976 - 359 páginas |
Dentro del libro
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Página 197
... social welfare function ' . I shall leave open the question as to whether this is a ' good ' social welfare function . In practice its pursuit certainly leads to Pareto - inefficient policies . Furthermore , trade intervention , or even ...
... social welfare function ' . I shall leave open the question as to whether this is a ' good ' social welfare function . In practice its pursuit certainly leads to Pareto - inefficient policies . Furthermore , trade intervention , or even ...
Página 305
... Welfare Function Before proceeding to the application of this analysis to tax policy , let me speculate briefly on how Smith would have written an individual's utility function and how he would have approached the design of a social welfare ...
... Welfare Function Before proceeding to the application of this analysis to tax policy , let me speculate briefly on how Smith would have written an individual's utility function and how he would have approached the design of a social welfare ...
Página 306
... social welfare function , would welfare be viewed in terms of average or total welfare ? Smith does not offer an explicit discussion of the ' utilitarian ' formula of maximum happi- ness for the largest number ( the Wealth of Nations ...
... social welfare function , would welfare be viewed in terms of average or total welfare ? Smith does not offer an explicit discussion of the ' utilitarian ' formula of maximum happi- ness for the largest number ( the Wealth of Nations ...
Contenido
Adam Smith and the Industrial | 1 |
Smiths Contribution in Historical Perspective | 44 |
Sympathy and SelfInterest | 73 |
Derechos de autor | |
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Términos y frases comunes
Adam Smith aggregate demand agricultural analysis balance of payments banking benefit Britain British Cannan capital cent century changes commodity competition concept consumers costs course defence discussion distribution division of labour economic growth economic thought effects efficiency employment equal Europe exchange exports external factor fiscal free trade function important income increase individual industrial revolution inflation institutions interest investment Josiah Wedgwood labour market less limited London long-run manufactures marginal ment mercantilist modern economists monetary money supply monopoly Moral Sentiments natural liberty output perhaps Political Economy Political Economy Club population production Professor Musgrave profits progress Public Expenditures Public Finance question redistribution restrictions Ricardo rise role sector self-interest share Smithian social social welfare function society sympathy taxation terms of trade Theory of Moral tion tropical utility wages Wealth of Nations Wedgwood welfare economics