WELFARE ECONOMICS

• exposé - matière potentielle : about the logic of choice of bergson welfare functions
• exposé

CITATION: “WELFARE ECONOMICS,” IN JOHN EATWELL, MURRAY MILGATE, AND PETER NEWMAN, EDS, THE NEW PALGRAVE DICTIONARY OF ECONOMICS, THE STOCKTON PRESS, NEW YORK, 1987, VOL. 4, PP. 889-895. WELFARE ECONOMICS W000031 In 1776, the same year as the American Declaration of Independence, Adam Smith published The Wealth of Nations. Smith laid out an argument that is now familiar to all economics students: (1) The principal human motive is self-interest.

• welfare economics
• pareto
• production decisions
• tariff policies
• optimal outcome
• voting
• economy
• production
• consumers
• individuals