This book is concerned with the study of collective preference, in particular with the relationship between the objectives of social action and the preferences and aspirations of society's members. Professor Sen's approach is based on the assumption that the problem of collective choice cannot...

When can a country be said to benefit from free trade?This question has obsessed economists for more than 200 years, and a definitive answer has never been provided. Continuing the influential work begun in The Gains from Trade and the Gains from Aid, (Routledge 1995), Murray Kemp here presents...

First published in 1981, Professor Mishan's Economic Efficiency and Social Welfare: Selected Essays on Fundamental Aspects of the Economic Theory of Social Welfare is a collection of 22 pioneering essays written while the author was teaching at the London School of Economics and chosen to...

The volume is divided into three parts:A: Economic Growth and Related Problems (covering international trade and economic integration, including a comparative study between Europe and America)B: Theoretical Welfare Economics (welfare propositions in economics, profit maximization and its...

<P>The new edition of Jha's popular text comes with a supporting website and builds on the strength of the previous edition by increasing the international coverage including global public goods and highlighting the issue of environmental taxation. </P><P> </P><P> </P>

Elements of Pure Economics was one of the most influential works in the history of economics, and the single most important contribution to the marginal revolution. Walras' theory of general equilibrium remains one of the cornerstones of economic theory more than 100 years after it was first...

For overlapping-generations models with multiple assets and without labour, welfare assessments of equilibrium allocations depend on whether the certainty equivalents of the one-period-ahead marginal rates of return on assets that are held are larger or smaller than the population growth rate....

Once called the "dismal science," economics now offers prescriptions for improving people's happiness. In this book Richard Easterlin, the "father of happiness economics," draws on a half-century of his own research and that conducted by fellow economists and psychologists to answer in plain...