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Welfare and Efficiency in Public Economics

  • Conference proceedings
  • © 1988

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Table of contents (15 papers)

  1. Welfare and Efficiency Measures — General Aspects

  2. Computing Welfare Effects of Fiscal Policy Programmes

  3. Welfare and Efficiency of Selected Fiscal Policy Measures

    1. Taxation

    2. Privatization of Public Enterprises

Keywords

About this book

Hans-Werner Sinn, Munich, West Germany This book contains 15 papers presented at a conference in Neresheim, West Ger­ many, in June 1986. The articles were selected by anonymous referees and most of them have undergone substantial revisions since their presentation. The common topic is measurement of welfare, both from efficiency and from equity perspectives. For many economists, welfare is a diffuse, arbitrary and am­ biguous concept. The papers collected in this book show that this view is not justified. Though not beyond all doubt, welfare theory today is crisp and clear, offering fairly straightforward measuring concepts. It even comes up with numbers that measure society's advantage or disadvantage from specific policy options in monetary units. Politicians get something they can intuitively understand and argue with, and they do not have to be afraid that all this is metaphysics or the result of the scientist's personal value judgements. Some economists, whom I would classify as belonging to the "everything is optimal" school, would claim that providing politicians with numerical welfare measures is superfluous or even dangerous. The world is as it is, and any attempt to give policy advice can only make things worse. I do not share this view. There are good policies and there are bad ones, but it may not be easy to distinguish between them. There is a role for consulting politicians, Dr.

Editors and Affiliations

  • Institute of Economics, University of Bonn, Bonn 1, West Germany

    Dieter Bös

  • Alfred-Weber-Institute, University of Heidelberg, Heidelberg, West Germany

    Manfred Rose

  • Institute of Public Economics, University of Kiel, Kiel 1, West Germany

    Christian Seidl

Bibliographic Information

  • Book Title: Welfare and Efficiency in Public Economics

  • Editors: Dieter Bös, Manfred Rose, Christian Seidl

  • DOI: https://doi.org/10.1007/978-3-642-73370-3

  • Publisher: Springer Berlin, Heidelberg

  • eBook Packages: Springer Book Archive

  • Copyright Information: Springer-Verlag Berlin · Heidelberg 1988

  • Softcover ISBN: 978-3-642-73372-7Published: 06 December 2011

  • eBook ISBN: 978-3-642-73370-3Published: 06 December 2012

  • Edition Number: 1

  • Number of Pages: XVI, 424

  • Topics: Economic Theory/Quantitative Economics/Mathematical Methods

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