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008 210830t20171990nju fo d z eng d
019 _a(OCoLC)1004875147
020 _a9781400887057
_qPDF
024 7 _a10.1515/9781400887057
_2doi
035 _a(DE-B1597)9781400887057
035 _a(DE-B1597)481990
035 _a(OCoLC)973753148
040 _aDE-B1597
_beng
_cDE-B1597
_erda
050 4 _aHB846
_b.H34 2017
072 7 _aBUS000000
_2bisacsh
082 0 4 _a330.15/56
_223
084 _aonline - DeGruyter
100 1 _aAlbert, Michael
_eautore
245 1 0 _aQuiet Revolution in Welfare Economics /
_cMichael Albert, Robin Hahnel.
264 1 _aPrinceton, NJ :
_bPrinceton University Press,
_c[2017]
264 4 _c©1990
300 _a1 online resource (454 p.)
336 _atext
_btxt
_2rdacontent
337 _acomputer
_bc
_2rdamedia
338 _aonline resource
_bcr
_2rdacarrier
347 _atext file
_bPDF
_2rda
490 0 _aPrinceton Legacy Library ;
_v5028
505 0 0 _tFrontmatter --
_tContents --
_tList of Theorems --
_tList of Figures --
_tAcknowledgments --
_tIntroduction --
_tPart One. Limits of Traditional Welfare Theory --
_t1. Traditional Welfare Theory --
_t2. The Labor Process --
_t3. Externalities and Public Goods --
_t4. Endogenous Preferences and Institutions --
_tPart Two. Anew Welfare Theory --
_t5. A New Welfare Paradigm --
_t6. A New Welfare Theory --
_tPart Three. New Results --
_t7. Markets --
_t8. Private Enterprise --
_t9. Central Planning --
_t10. Conclusion --
_tNotes --
_tIndex
506 0 _arestricted access
_uhttp://purl.org/coar/access_right/c_16ec
_fonline access with authorization
_2star
520 _aThis ambitious work presents a critique of traditional welfare theory and proposes a new approach to it. Radical economists Robin Hahnel and Michael Albert argue that an improved theory of social welfare can consolidate and extend recent advances in microeconomic theory, and generate exciting new results as well. The authors show that once the traditional "welfare paradigm" is appropriately modified, a revitalized welfare theory can clarify the relationship between individual and social rationalitya task that continues to be of interest to mainstream and nonmainstream economists alike. Hahnel and Albert show how recent work in the theory of the labor process, externalities, public goods, and endogenous preferences can advance research in welfare theory. In a series of important theorems, the authors extend the concept of Pareto optimality to dynamic contexts with changing preferences and thus highlight the importance of institutional bias. This discussion provides the basis for further analysis of the properties and consequences of private and public enterprise and of markets and central planning. Not surprisingly, Hahnel and Albert reach a number of conclusions at odds with conventional wisdom.Originally published in 1990.The Princeton Legacy Library uses the latest print-on-demand technology to again make available previously out-of-print books from the distinguished backlist of Princeton University Press. These editions preserve the original texts of these important books while presenting them in durable paperback and hardcover editions. The goal of the Princeton Legacy Library is to vastly increase access to the rich scholarly heritage found in the thousands of books published by Princeton University Press since its founding in 1905.
538 _aMode of access: Internet via World Wide Web.
546 _aIn English.
588 0 _aDescription based on online resource; title from PDF title page (publisher's Web site, viewed 30. Aug 2021)
650 0 _aWelfare economics.
650 7 _aBUSINESS & ECONOMICS / General.
_2bisacsh
700 1 _aHahnel, Robin
_eautore
850 _aIT-RoAPU
856 4 0 _uhttps://doi.org/10.1515/9781400887057
856 4 0 _uhttps://www.degruyter.com/isbn/9781400887057
856 4 2 _3Cover
_uhttps://www.degruyter.com/cover/covers/9781400887057.jpg
942 _cEB
999 _c209920
_d209920