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Readings in Social Welfare: Theory and Policy

ISBN: 978-0-631-22072-5

September 2000

Wiley-Blackwell

342 pages

Description
In Readings in Social Welfare: Theory and Policy, Robert E. Kuenne packages postwar classics with contemporary discussions to examine the impact of social welfare theory on policy development. The book introduces students to frameworks developed by scholars to monitor the market's inefficiencies, to modify its income distribution and resource allocation, and to make decisions for social investment.

The readings cover practical issues of national and international concern, such as income and wealth distribution, the measurement of social welfare, recent movements in government regulation theory and practice, the economics of drug prohibition, and the role of the public's risk aversion in the determination of public investment.

This book and its complement, Readings in Applied Microeconomic Theory: Market Forces and Solutions, are part of the Blackwell Readings for Contemporary Economics series.

About the Author
Robert E. Kuenne is Emeritus Professor of Economics at Princeton University and Director, General Economic Systems Company. His research focuses on general economic equilibrium theory, oligopoly theory, spatial theory, and defense economics. The author of numerous scholarly articles and 18 books, he is Associate Editor of the Journal of Regional Science and a board member of many acclaimed journals. He holds his Ph.D. from Harvard University, has received an honorary Ph.D. degree from the University of Ume?, Sweden, and has lectured and consulted widely.
Features
* Contains both classic readings from the second half of the twentieth century and selections from contemporary debates.
* Examines social welfare and government policy over the last 25 years.
* Introduces graduates and advanced undergraduates to debates on how to handle problems such as selling government property, combining private investment accounts into social security, and prohibiting drugs.
* Complements Readings in Applied Microeconomic Theory: Market Forces and Solutions.