Towards a More Complete Analysis
By (author) Yew-Kwang Ng
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Welfare Economics by Yew-Kwang Ng
Book DescriptionYew-Kwang Ng looks to make welfare economics more complete by discussing the recent inframarginal analysis of division of labour and by pushing welfare economics from the level of preference to that of happiness, making a reformulation of the foundation of public policy necessary. A theory of the third best is provided, with extension to the equality/efficiency issue. The remarkable conclusion of treating a dollar as a dollar provides a powerful simplification of public policy formulation in general and in cost-benefit analysis in particular.
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Book DetailsISBN: 9780333971215
(216mm x 140mm x 23mm)
Imprint: Palgrave Macmillan
Publisher: Palgrave Macmillan
Publish Date: 19-Dec-2003
Country of Publication: United Kingdom
Books By Author Yew-Kwang Ng
Increasing Returns and Economic Efficiency, Hardback (April 2009)
Recognizing increasing returns disrupts much of the established wisdom in economic analysis, making money non-neutral, equity conflict with freedom, and encouraging goods with increasing returns efficient. This book discusses these problems and ways they can be handled, helping to explain phenomena in the real world.
Happiness and Public Policy, Hardback (August 2006)
Happiness is a private matter and individual pursuit; however, public policy does have an important role and can contribute much through various enabling means. This volume discusses the determinants of happiness and presents case studies of how public policy can help promote happiness.
Efficiency, Equality and Public Policy, Hardback (April 2000)View all books by Yew-Kwang Ng
Yew-Kwan Ng provides arguments for the exclusive concern with efficiency ("a dollar is a dollar") in all specific areas of public economic policy, leaving the objective of equality to be achieved through the general tax/transfer system.
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Author Biography - Yew-Kwang Ng
YEW-KWANG NG holds a Personal Chair in Economics at Monash University, Australia, and has been a fellow of the Academy of Social Sciences in Australia since 1980. He has published in welfare economics, meso-economics, welfare biology, and collaborates with Professor Xiaokai Yang on an infra-marginal analysis of division of labour.
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