This incisive critique of standard a priori welfare economics provides a rigorous analysis of concepts such as Paretian optimality, externalities, economic efficiency, technological efficiency, second best, the social welfare function, and welfare criteria. Nath illustrates his central theme in the specific fields of public enterprise pricing, international trade, and economic development. "Convincing as well as courageous ... his book should command wide attention among economists." British Book News. "The implications of Mr. Nath's work are immensely important." Times Literary Supplement

A reappraisal of welfare economics

Business & Money

Nath, S. K

Economics

A. M. Kelly

See the best price to sell, buy, or rent books by Nath, S. K. BookScouter helps to compare book prices from 25+ online bookstores and 30+ buyback vendors with a single search.

Books by Nath, S. K

See the best price to sell, buy, or rent books by Nath, S. K. BookScouter helps to compare book prices from 25+ online bookstores and 30+ buyback vendors with a single search.

A reappraisal of welfare economics