A THEORY OF FAIRNESS AND SOCIAL WELFARE by Marc Fleurbaey, Francois Maniquet ( 9780521715348 )

Item Details

Title:

A THEORY OF FAIRNESS AND SOCIAL WELFARE

By:

Marc Fleurbaey, Francois Maniquet

Format:

Paperback

List price:

£38.00

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£33.25

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12.5% off

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£4.75

ISBN 10:

0521715342

ISBN 13:

9780521715348

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Publisher:

CAMBRIDGE UNIVERSITY PRESS

Pub. date:

13 June, 2011

Series:

Econometric Society Monographs 48

Pages:

414

Description:

This book proposes a theory of social welfare that encapsulates fairness principles in the definition of social preferences.

Synopsis:

The definition and measurement of social welfare have been a vexed issue for the past century. This book makes a constructive, easily applicable proposal and suggests how to evaluate the economic situation of a society in a way that gives priority to the worse-off and that respects each individual's preferences over his or her own consumption, work, leisure and so on. This approach resonates with the current concern to go 'beyond the GDP' in the measurement of social progress. Compared to technical studies in welfare economics, this book emphasizes constructive results rather than paradoxes and impossibilities, and shows how one can start from basic principles of efficiency and fairness and end up with concrete evaluations of policies. Compared to more philosophical treatments of social justice, this book is more precise about the definition of social welfare and reaches conclusions about concrete policies and institutions only after a rigorous derivation from clearly stated principles.

Illustrations:

89 b/w illus. 6 tables

Publication:

Imprint:

Cambridge University Press

Returns:

Returnable

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