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  • Open Daily: 10am - 10pm
    Alley-side Pickup: 10am - 7pm

    3038 Hennepin Ave Minneapolis, MN
    612-822-4611

Open Daily: 10am - 10pm | Alley-side Pickup: 10am - 7pm
3038 Hennepin Ave Minneapolis, MN
612-822-4611
The Axiomatics of Economic Design, Vol. 1: An Introduction to Theory and Methods

The Axiomatics of Economic Design, Vol. 1: An Introduction to Theory and Methods

Thomson, William

Hardcover

Series: Studies in Choice and Welfare

Business GeneralEconomics

ISBN10: 3031293975
ISBN13: 9783031293979
Publisher: Springer
Published: Sep 9 2023
Pages: 313
Weight: 1.41
Height: 0.75 Width: 6.14 Depth: 9.21
Language: English

This textbook is Volume 1 of a two-volume set on the axiomatics of economic design. Its central argument is that economic institutions are not God-given: they are man-made. Their ultimate goal is to promote social welfare. The book describes the axiomatic approach to design. It consists in the formulation of criteria of desirability of solution mappings, and of the examination of their logical implications when imposed in various combinations. Its goal is to identify as precisely as possible the line that separates those combinations of desiderata that are compatible and those that are not. The end product of axiomatic work are menus of choices for practitioners to choose from when they have to make a decision.

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