The new welfare economics, both of the Kaldor-Hicks-Scitovsky-Samuelson school built on the compensation principles and the Bergson-Samuelson school built on the social welfare function, tried to expand the domain of applicability of the Pareto unanimity principle. The purpose of this paper is to examine the logical structure of the new welfare economics of the both schools from the view point of social choice and fairness theory.
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Paper provided by Osaka - Institute of Social and Economic Research in its series Papers with number
437.
Length: 25 pages Date of creation: 1997 Date of revision: Handle: RePEc:fth:osakae:437
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Find related papers by JEL classification: B21 - Schools of Economic Thought and Methodology - - History of Economic Thought since 1925 - - - Microeconomics D63 - Microeconomics - - Welfare Economics - - - Equity, Justice, Inequality, and Other Normative Criteria and Measurement D71 - Microeconomics - - Analysis of Collective Decision-Making - - - Social Choice; Clubs; Committees; Associations
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