Although it was an important specialization in economics in the mid-twentieth century, welfare economics has received less attention in the twenty-first century. This book explores the history of welfare economics, with a view to explaining its rise and subsequent decline.
Drawing on both philosophy and economics, this book offers a new and original perspective on the history of welfare economics, starting with Pigou and charting the trajectory of applied and theoretical welfare economics throughout the twentieth century.
This book will be of interest to students and researchers of philosophy, economics and history of economic thought.
1. Objective and Scope of the Work
2. Utilitarianism for Pigou’s Welfare Economics
3. Pigou and the Economics of Welfare
4. The New Welfare Economics
5. The Success and Failure of the New Welfare Economics
6. Alternatives to Welfare Economics
7. Utilitarian Persisters
8. Is There a Way Forward? Should There Be?
This series presents new advances and developments in social economics thinking on a variety of subjects that concern the link between social values and economics. Need, justice and equity, gender, cooperation, work, poverty, the environment, class, institutions, public policy, and methodology are some of the most important themes. Among the orientations of the authors are social economist, institutionalist, humanist, solidarist, cooperativist, radical and Marxist, feminist, post-Keynesian, behaviorist, and environmentalist. The series offers new contributions from today’s most foremost thinkers on the social character of the economy.
Publishes in conjunction with the Association of Social Economics.