 |
|
|
Item Details
| Title:
|
WELFARE
|
| Volume: |
v. 2 |
| By: |
Dale W. Jorgenson |
| Format: |
Hardback |
| List price:
|
£48.95 |
|
We currently do not stock this item, please contact the publisher directly for
further information.
|
|
|
|
|
|
| ISBN 10: |
0262100630 |
| ISBN 13: |
9780262100632 |
| Publisher: |
MIT PRESS LTD |
| Pub. date: |
8 August, 1997 |
| Pages: |
460 |
| Description: |
This work (the second of two volumes) presents a new approach to measuring social welfare based on the modelling of aggregate consumer expenditures. This econometric approach to normative economics unifies the treatment of poverty, inequality, and cost and standard of living. |
| Synopsis: |
This volume presents an approach to the evaluation of economic policies through the econometric modeling of aggregate consumer behavior. While the preferences of individual consumers are revealed by their market choices, these preferences can be recovered only by econometric methods, not through the index numbers used in the official statistics. The richer and more robust methodology presented in this volume provides a fruitful point of departure for future policy evaluations. The econometric approach replaces ordinal measures of individual welfare that cannot be compared among individuals with cardinal measures that can. These are combined into an indicator of social welfare that reflects principles of horizontal and vertical equity. This approach unifies the measurement of poverty, inequality, and cost and standard of living. It extends the scope of normative economics to a broader range of issues in the evaluation of economic and social policies. |
| Illustrations: |
Illustrations |
| Publication: |
US |
| Imprint: |
MIT Press |
| Returns: |
Returnable |
|
|
|
 |
|
|
|
|
|
No Cheese, Please!
A fun picture book for children with food allergies - full of friendship and super-cute characters!Little Mo the mouse is having a birthday party.
|
My Brother Is a Superhero
Luke is massively annoyed about this, but when Zack is kidnapped by his arch-nemesis, Luke and his friends have only five days to find him and save the world...
|
|
|
|
|