Measuring Social Welfare
An Introduction
- Publisher's listprice GBP 102.50
-
46 278 Ft (44 075 Ft + 5% VAT)
The price is estimated because at the time of ordering we do not know what conversion rates will apply to HUF / product currency when the book arrives. In case HUF is weaker, the price increases slightly, in case HUF is stronger, the price goes lower slightly.
- Discount 10% (cc. 4 628 Ft off)
- Discounted price 41 651 Ft (39 668 Ft + 5% VAT)
Subcribe now and take benefit of a favourable price.
Subscribe
46 278 Ft
Availability
printed on demand
Why don't you give exact delivery time?
Delivery time is estimated on our previous experiences. We give estimations only, because we order from outside Hungary, and the delivery time mainly depends on how quickly the publisher supplies the book. Faster or slower deliveries both happen, but we do our best to supply as quickly as possible.
Product details:
- Publisher OUP USA
- Date of Publication 1 November 2019
- ISBN 9780190643027
- Binding Hardback
- No. of pages334 pages
- Size 160x236x25 mm
- Weight 618 g
- Language English 0
Categories
Short description:
This book provides an accessible yet rigorous overview of the social welfare function (SWF) as a tool for evaluating governmental policies.
MoreLong description:
Disputes over government policies rage in a number of areas. From taxation to climate change, from public finance to risk regulation, and from health care to infrastructure planning, advocates debate how policies affect multiple dimensions of individual well-being, how these effects balance against each other, and how trade-offs between overall well-being and inequality should be resolved.
How to measure and balance well-being gains and losses, is a vexed issue. Matthew D. Adler advances the debate by introducing the social welfare function (SWF) framework and demonstrating how it can be used as a powerful tool for evaluating governmental policies. The framework originates in welfare economics and in philosophical scholarship regarding individual well-being, ethics, and distributive justice. It has three core components: a well-being measure, which translates each of the possible policy outcomes into an array of interpersonally comparable well-being numbers, quantifying how well off each person in the population would be in that outcome; a rule for ranking outcomes thus described ; and an uncertainty module, which orders policies understood as probability distributions over outcomes. The SWF framework is a significant improvement compared to cost-benefit analysis (CBA), which quantifies policy impacts in dollars, is thereby biased towards the rich, and is insensitive to the distribution of these monetized impacts. The SWF framework, by contrast, uses an unbiased measure of well-being and allows the policymaker to consider both efficiency (total well-being) and equity (the distribution of well-being).
Because the SWF framework is a fully generic methodology for policy assessment, Adler also discusses how it can be implemented to inform government policies. He illustrates it through a detailed case study of risk regulation, contrasting the implication of results of SWF and CBA. This book provides an accessible, yet rigorous overview of the SWF approach that can inform policy-makers and students.
Adler '91 explains how the social welfare function framework, a tool from theoretical economics, can guide governmental policymaking. According to Adler, the framework is more unbiased than a cost--benefit analysis and allows policymakers to consider both efficiency and equity. By combining economic and philosophical scholarship, Adler illuminates the framework's three dimensions: a well-being measure, a rule for ranking outcomes, and an uncertainty module.
Table of Contents:
Acknowledgments
Introduction
Chapter 1: The Social Welfare Function: An Overview
Chapter 2: Measuring Well-Being
Chapter 3: The Landscape of SWFs
Chapter 4: Which SWF Should We Choose? A Debate
Chapter 5: Implementing the SWF Framework: A Case Study
Chapter 6: The Institutional Role of the SWF Framework
Chapter 7: Research Frontiers
Appendix
References
