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Welfare economics / edited by Bhaskar Dutta
Bib ID 2969808
Format BookBook
Description Delhi : Oxford University Press, 1994 
256 pages : illustrations ; 23 cm. 
ISBN 019563103X
Series

Oxford in India readings. Themes in economics.

Summary

Themes in Economics is a new series of books devoted to economic analysis relating to problems of the Indian economy. This volume focuses on the field of welfare economics. In his introduction, the volume editor, Bhaskar Dutta, surveys the landmark contributions in this field. Dilip Mookherjee follows with a discussion of the failure of the market to achieve efficiency. Rajiv Vohra goes into the implications of this. M.N. Murty and Pulin Nayak review the literature on optimal taxation, and discuss some applications with Indian data. Debraj Ray and Arunava Sen discuss the issue of 'quantities versus prices' as alternative means of economic control. Prasanta Pattanaik closes with a survey of some of the recent literature on individual rights and liberty, and also on the non-welfarist approach to the measurement of the standard of living. This book is of seminal importance to those interested in knowing and understanding welfare economics and its concerns.

Full contents
  • Introduction / Bhaskar Dutta
  • Market Failure and Information / Dilip Mookherjee
  • Efficient Resource Allocation under Increasing Returns / Rajiv Vohra
  • Optimal Taxation and India: A Review of Theory and Applied Work / M.N. Murty and Pulin Nayak
  • Price and Quantity Controls: A Survey of Some Major Issues / Debraj Ray and Arunava Sen
  • Some Non-Welfaristic Issues in Welfare Economics / Prasanta K. Pattanaik.
 
Notes

Includes bibliographical references and indexes.

Subjects Welfare economics.
Other authors/contributors Dutta, Bhaskar

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