Measuring Economic Welfare
New Methods
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Professor McKenzie proposes and formulates a new method composed of operational procedures designed to facilitate the evaluation of economic projects and policies.Table of contents:Preface; 1. An introduction to the money-metric; 2. The marginal utility of money as an integrating factor; 3. Calculation of the money-metric; 4. The approach of Dupuit and Marshall; 5. The Hicksian approach; 6. Approximations based on consumer surplus; 7. A reconsideration of the theory of index numbers; 8. The money-metric as a basis for calculation of social welfare functions; 9. Measurement of the social costs ...
Professor McKenzie proposes and formulates a new method composed of operational procedures designed to facilitate the evaluation of economic projects and policies.
Table of contents:
Preface; 1. An introduction to the money-metric; 2. The marginal utility of money as an integrating factor; 3. Calculation of the money-metric; 4. The approach of Dupuit and Marshall; 5. The Hicksian approach; 6. Approximations based on consumer surplus; 7. A reconsideration of the theory of index numbers; 8. The money-metric as a basis for calculation of social welfare functions; 9. Measurement of the social costs of monopoly; 10. A final comment and conclusion; References; Index.
Professor McKenzie proposes and formulates a new method composed of operational procedures designed to facilitate the evaluation of economic projects and policies.
Table of contents:
Preface; 1. An introduction to the money-metric; 2. The marginal utility of money as an integrating factor; 3. Calculation of the money-metric; 4. The approach of Dupuit and Marshall; 5. The Hicksian approach; 6. Approximations based on consumer surplus; 7. A reconsideration of the theory of index numbers; 8. The money-metric as a basis for calculation of social welfare functions; 9. Measurement of the social costs of monopoly; 10. A final comment and conclusion; References; Index.
Professor McKenzie proposes and formulates a new method composed of operational procedures designed to facilitate the evaluation of economic projects and policies.
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