Title: Welfare, Planning, and Employment: Selected Essays in Economic Theory
Abstract: Abram Bergson has been making significant contributions to economic theory since 1930s, and this selection of fifteen of his most influential essays exhibits in large part breadth of his range. The book's primary focus, however, is on those aspects of economic theory to which he has given sustained attention over whole course of his career: welfare and socialist economics.Part I, Social Welfare and Economic Optimum, presents author's seminal early article on concept of social welfare and two additional essays on relation of social choice theory to welfare economics and on import of taste differences for optimal income distribution.In Part II, Problems of Measurement, the critique of Frisch's methods of marginal utility measurement that has become a classic is followed by three essays on consumer's surplus analysis, including frequently cited paper on monopoly welfare losses. A final paper elaborates for factor productivity calculation index number theory that was developed by Moorsteen and author for output measurement.In Part III, Public Enterprise and Socialist Economics, two surveys of theory of socialist economics that are standard references in field are followed by an essay on politics of socialist efficiency and by two studies of public enterprise, one on optimal pricing and other on managerial riskbearing.Finally, Part IV, Prices, Income, and Employment, consists of two papers that represent an early effort to integrate macro- and microeconomics, a matter that has since become of wide interest.Abram Bergson has taught at Harvard University since 1956; he is now George F. Baker Professor of Economics.
Publication Year: 1982
Publication Date: 1982-01-01
Language: en
Type: book
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Cited By Count: 4
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