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A reformulation of the foundations of welfare economics

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  • Randall Holcombe

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Abstract

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Suggested Citation

  • Randall Holcombe, 2009. "A reformulation of the foundations of welfare economics," The Review of Austrian Economics, Springer;Society for the Development of Austrian Economics, vol. 22(3), pages 209-224, September.
  • Handle: RePEc:kap:revaec:v:22:y:2009:i:3:p:209-224
    DOI: 10.1007/s11138-009-0089-1
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    File URL: http://hdl.handle.net/10.1007/s11138-009-0089-1
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    References listed on IDEAS

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    1. Romer, Paul M, 1986. "Increasing Returns and Long-run Growth," Journal of Political Economy, University of Chicago Press, vol. 94(5), pages 1002-1037, October.
    2. McCloskey, Donald N, 1983. "The Rhetoric of Economics," Journal of Economic Literature, American Economic Association, vol. 21(2), pages 481-517, June.
    3. Meir Kohn, 2004. "Value and Exchange," Cato Journal, Cato Journal, Cato Institute, vol. 24(3), pages 303-339, Fall.
    4. R. G. Lipsey & Kelvin Lancaster, 1956. "The General Theory of Second Best," Review of Economic Studies, Oxford University Press, vol. 24(1), pages 11-32.
    5. Randall Holcombe, 2008. "Why does government produce national defense?," Public Choice, Springer, vol. 137(1), pages 11-19, October.
    6. Herbener, Jeffrey M, 1997. "The Pareto Rule and Welfare Economics," The Review of Austrian Economics, Springer;Society for the Development of Austrian Economics, vol. 10(1), pages 79-106.
    7. Smith, Vernon L, 1974. "Economic Theory and Its Discontents," American Economic Review, American Economic Association, vol. 64(2), pages 320-322, May.
    8. Daniel Kahneman, 2003. "Maps of Bounded Rationality: Psychology for Behavioral Economics," American Economic Review, American Economic Association, vol. 93(5), pages 1449-1475, December.
    9. Hicks, J. R., 1975. "Value and Capital: An Inquiry into some Fundamental Principles of Economic Theory," OUP Catalogue, Oxford University Press, edition 2, number 9780198282693.
    10. Bryan Caplan, 1999. "The Austrian Search for Realistic Foundations," Southern Economic Journal, Southern Economic Association, vol. 65(4), pages 823-838, April.
    11. Lucas, Robert Jr., 1988. "On the mechanics of economic development," Journal of Monetary Economics, Elsevier, vol. 22(1), pages 3-42, July.
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    Citations

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    Cited by:

    1. Constantin Schipor, 2016. "A New Perspective of the Welfare State in the European Context," Ovidius University Annals, Economic Sciences Series, Ovidius University of Constantza, Faculty of Economic Sciences, vol. 0(2), pages 133-136, February.

    More about this item

    Keywords

    Welfare economics; Pareto optimality; Economic growth; Economic progress; B53; D60;

    JEL classification:

    • B53 - Schools of Economic Thought and Methodology - - Current Heterodox Approaches - - - Austrian
    • D60 - Microeconomics - - Welfare Economics - - - General

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