Titlebook: Readings in Welfare Economics; M. J. Farrell Textbook 1973Latest edition Macmillan Publishers Limited 1973 economics.Welfare.welfare econo

种植,培养

The General Theory of Second Best, it would appear that the authors have been rediscovering, in some of the many guises given it by various specific problems, a single general theorem. This theorem forms the core of what may be called . Although the main principles of the theory of second best have undoubtedly gained wide acceptance

Talkative

,Comments on “The General Theory of Second Best”,that they are all special cases of what they call “The General Theory of Second Best”, which expands a name suggested by Meade [8, p. 8]. This paper points out a few slips in their methodological and technical exposition and develops a geometric analysis of a special case.

instill

Duodenitis

Paths of Economic Growth that are Optimal with Regard only to Final States: A Turnpike Theorem,he final state. This problem is considered within the framework of a model of a closed economy with constant returns to scale, of the type proposed by von Neumann in his paper on balanced growth equilibrium [5]. The main result (section 5) is that under certain conditions all best growth paths must

Melanocytes

The Social Optimum in the Presence of Monopoly and Taxation,industries? It is to this problem that the present paper is addressed. It is related to certain recent contributions in this field as follows: (.) it differs from the discussions of direct and indirect taxation by Meade and by Corlett and Hague (references [1] and [8] pp. 24–33) in that the total am

Vulnerable

马赛克

A Reconsideration of the Theory of Tariffs,ms of international trade because of our supposed inability to draw community indifference curves. Hence, we have no theory of the rational behaviour of a single country, and even less do we know what would be the result of such behaviour on the part of all countries.

肥料

Optimum Tariffs and Retaliation,f” theorem, that once retaliation occurs all parties are bound to lose as compared with the free trade position. The . of this error (and some others) is probably Professor Scitovszky’s analysis of retaliation in his “Reconsideration of the Theory of Tariffs.”.

Alcove

caldron