Welfare Economics and Externalities In An Open Ended Universe

A Modern Austrian Perspective
Softcover Nachdruck of the original 1. Auflage 1992
ISBN: 978-1-4757-2147-8
Verlag: Springer US

Buch, Englisch, 140 Seiten, Format (B × H): 152 mm x 229 mm, Gewicht: 248 g

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.

Zielgruppe

Research

Autoren/Hrsg.

Cordato, R.

Fachgebiete

• Geisteswissenschaften Philosophie Sozialphilosophie, Politische Philosophie
• Wirtschaftswissenschaften Volkswirtschaftslehre Volkswirtschaftslehre Allgemein Mikroökonomie
• Sozialwissenschaften Politikwissenschaft Politikwissenschaft Allgemein Politische Theorie, Politische Philosophie

Inhaltsverzeichnis

1: The Genealogy of the Austrian Position.- 2: Externalities and Modern Austrian Theories of Economic Welfare: Problems and Promises.- 3: Catallactic Efficiency: Welfare Economics In An Open Ended World.- 4: Catallactic Efficiency and Externalities.- 5: Application: The Economics of Tort Liability.- Conclusion.- References.