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Titlebook: Efficiency, Equality and Public Policy; With A Case for High Yew-Kwang Ng Book 2000 Palgrave Macmillan, a division of Macmillan Publishers

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https://doi.org/10.1007/978-3-319-48729-8also Bohl, 1996 and Payne and Ewing, 1996 on international evidence on the Wagner’s law on the increase in the share of the public sector.) The decline is sharper in terms of the real size of the public sector due to a higher relative price; see the end of Section 8.2 below. This decline is associat
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Development of Dental Compositesst common-sense arguments demonstrate, that interpersonal comparisons of cardinal utility are necessary for making social choice which cannot reasonably be based on individual ordinal preferences only.
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T. Eliades,G. Eliades,N. Silikas,D.C. Wattsost ratio used to assess public projects. The use of a benefit-cost ratio more stringent (i.e. larger) than one would generally lead to a smaller level of public spending. Recently, some prominent economists have expressed apparently rather contrasting views on this issue. This chapter reconciles and qualifies their arguments.
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conomic policy, leaving the objective of equality to be achieved through the general tax/transfer system. Public policies should ultimately maximize the sum of individual welfares which should be individual happiness rather than preferences. Relative-income and environmental disruption effects cause
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Book 2000licy, leaving the objective of equality to be achieved through the general tax/transfer system. Public policies should ultimately maximize the sum of individual welfares which should be individual happiness rather than preferences. Relative-income and environmental disruption effects cause a bias in
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Book 2000 favour of private spending which is no longer conducive to happiness socially. Welfare can be increased more by higher public spending on research and environmental protection, including the perfection of the techniques of brain stimulation to increase happiness.
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