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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
Welfare Economics and Externalities in an Open Ended Universe: A Modern Austrian Perspective

Welfare Economics and Externalities in an Open Ended Universe: A Modern Austrian Perspective

Cordato, R.

Paperback

PhilosophyEconomicsGeneral Political Science

ISBN10: 1475721471
ISBN13: 9781475721478
Publisher: Springer Nature
Published: Nov 22 2012
Pages: 140
Weight: 0.50
Height: 0.35 Width: 6.00 Depth: 9.00
Language: English
Along with the renewed interest in the Austrian school of economics over the last two decades, important advances have been made in applying its princples to concrete issues that typically face market economics. However, very little has been done in the area of externalities and the concept of social efficiency.
The overarching purpose of this book is to establish a sound theoretical basis for further empirical and public policy analysis in the area of externalities. In order to do this, a general theory of welfare economics is required. The author offers an alternative to the conventional neoclassical welfare paradigm -- his construct does not include perfect competition or general equilibrium.
After the author develops his theory of welfare economics, he interprets externalities in light of the theory and discusses policy remedies and directions for further research.

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