Quiet Revolution in Welfare Economics / / Michael Albert, Robin Hahnel.

This ambitious work presents a critique of traditional welfare theory and proposes a new approach to it. Radical economists Robin Hahnel and Michael Albert argue that an improved theory of social welfare can consolidate and extend recent advances in microeconomic theory, and generate exciting new re...

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Place / Publishing House:Princeton, NJ : : Princeton University Press, , [2017]
©1990
Year of Publication:2017
Language:English
Series:Princeton Legacy Library ; 5028
Online Access:
Physical Description:1 online resource (454 p.)
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Table of Contents:
  • Frontmatter
  • Contents
  • List of Theorems
  • List of Figures
  • Acknowledgments
  • Introduction
  • Part One. Limits of Traditional Welfare Theory
  • 1. Traditional Welfare Theory
  • 2. The Labor Process
  • 3. Externalities and Public Goods
  • 4. Endogenous Preferences and Institutions
  • Part Two. Anew Welfare Theory
  • 5. A New Welfare Paradigm
  • 6. A New Welfare Theory
  • Part Three. New Results
  • 7. Markets
  • 8. Private Enterprise
  • 9. Central Planning
  • 10. Conclusion
  • Notes
  • Index