Economics as Applied Ethics Value Judgements in Welfare Economics

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  • Edition: 1st
  • Format: Hardcover
  • Copyright: 2011-01-15
  • Publisher: Palgrave Macmillan
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The focus of this textbook is on the link between ethics and economic policy analysis. Basic philosophical concepts are systematically described, followed by conventional welfare economic theory and policy, and applications to some topical economic problems such as income distribution and sustainable development.

Author Biography

WILFRED BECKERMAN Visiting Professor of Economics, University College London, UK; and Emeritus Fellow of Balliol College, Oxford.

Table of Contents

Fact or Value? A Simple Example: Sustainable Development and the Discount Rate
Positive Propositions and Value Judgements
Fact and Value in Welfare Economics
From Individuals' Choices to Their Welfare
Pareto Optimality and the Social Welfare Function
From Individuals' Welfare to Social Welfare
Utilitarianism in Welfare Economics
Critics of Utilitarianism
GDP and Friends 
Why Equality?
Equality of What? 
The Boundary of Society: The Boundary in Space
The Boundary of Society: The Boundary in Time
The Discount Rate
Valuing Life
Overview: Value Judgements in Welfare Economics

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