The paper focuses on misconceptions about the compensation principle of neo-Paretian welfare economics, and argues that the efficiency interpretation often attached to it is a dubious one. Applied welfare analists should realize the real significance of 'potential Pareto improvement' and take it...

The paper focuses on misconceptions about the compensation principle of neo-Paretian welfare economics, and argues that the efficiency interpretation often attached to it is a dubious one. Applied welfare analists should realize the real significance of 'potential Pareto improvement' and take it...

A long view -- Growth and crisis in the pre-fossil era -- The big change -- How other regions coped -- Agriculture and the welfare state : emerging problems -- The neoliberal decades -- Looking into the crystal ball -- Where there's a will, there's a way