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Palgrave Macmillan

Welfare Economics

Towards a More Complete Analysis

  • Book
  • © 2004

Overview

Authors:
  1. Yew-Kwang Ng

    1. Monash University, Australia

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Table of contents (12 chapters)

  1. Front Matter

    Pages iii-xiii
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  2. Introduction

    • Yew-Kwang Ng
    Pages 1-25

  3. Pareto Optimality

    • Yew-Kwang Ng
    Pages 26-46

  4. The Direction of Welfare Change: Welfare Criteria

    • Yew-Kwang Ng
    Pages 47-64

  5. The Magnitude of Welfare Change: Consumer Surplus

    • Yew-Kwang Ng
    Pages 65-91

  6. Social Choice

    • Yew-Kwang Ng
    Pages 92-126

  7. The Optimal Distribution of Income

    • Yew-Kwang Ng
    Pages 127-143

  8. Externality

    • Yew-Kwang Ng
    Pages 144-163

  9. Public Goods

    • Yew-Kwang Ng
    Pages 164-186

  10. First, Second or Third Best?

    • Yew-Kwang Ng
    Pages 187-229

  11. Beyond Marginal Analysis: Perspectives from an Inframarginal Analysis of the Division of Labour

    • Yew-Kwang Ng
    Pages 230-256

  12. From Preference to Happiness

    • Yew-Kwang Ng
    Pages 257-283

  13. Conclusion: Towards an Interdisciplinary Study of Welfare?

    • Yew-Kwang Ng
    Pages 284-305

  14. Back Matter

    Pages 306-355
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Keywords

About this book

Yew-Kwang Ng looks to make welfare economics more complete by discussing the recent inframarginal analysis of division of labour and by pushing welfare economics from the level of preference to that of happiness, making a reformulation of the foundation of public policy necessary. A theory of the third best is provided, with extension to the equality/efficiency issue. The remarkable conclusion of treating a dollar as a dollar provides a powerful simplification of public policy formulation in general and in cost-benefit analysis in particular.

Authors and Affiliations

  • Monash University, Australia

    Yew-Kwang Ng

About the author

YEW-KWANG NG holds a Personal Chair in Economics at Monash University, Australia, and has been a fellow of the Academy of Social Sciences in Australia since 1980. He has published in welfare economics, meso-economics, welfare biology, and collaborates with Professor Xiaokai Yang on an infra-marginal analysis of division of labour.

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