Articoli correlati a Measuring Economic Welfare: New Methods

Measuring Economic Welfare: New Methods - Brossura

McKenzie, George W.

 
9780521035941: Measuring Economic Welfare: New Methods

Sinossi

Professor McKenzie proposes and formulates a method composed of operational procedures designed to facilitate the evaluation of economic projects and policies.

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Descrizione del libro

Professor McKenzie proposes and formulates a method composed of operational procedures designed to facilitate the evaluation of economic projects and policies. This method is discussed fully, illustrated by simple examples, and compared with alternative procedures. An outline of a computer program that enables readers to undertake their own calculations is included.

Contenuti

Preface; 1. An introduction to the money-metric; 2. The marginal utility of money as an integrating factor; 3. Calculation of the money-metric; 4. The approach of Dupuit and Marshall; 5. The Hicksian approach; 6. Approximations based on consumer surplus; 7. A reconsideration of the theory of index numbers; 8. The money-metric as a basis for calculation of social welfare functions; 9. Measurement of the social costs of monopoly; 10. A final comment and conclusion; References; Index.

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