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Theoretical framework of public policies for welfare maximization


  • Isik, A.Kadir


The welfare state concept, which is related to welfare economics, has taken place in economics literature once again in recent years. The theories and theoretical supports are various. In this study, at first the concept of welfare economics was applied and then addition of Smith were added in the historical period. On the other hand , the welfare economics which is based on Pareto, Pigou and Hicks-Kaldor’s theories and also The social welfare function theory were examined. At the end of the last part of study, the reasons of the government’s interference on economics is appraised aorund the framework of the pareto optimal deviations

Suggested Citation

  • Isik, A.Kadir, 2004. "Theoretical framework of public policies for welfare maximization," MPRA Paper 2093, University Library of Munich, Germany.
  • Handle: RePEc:pra:mprapa:2093

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    References listed on IDEAS

    1. Danziger, Leif, 1988. "Costs of Price Adjustment and the Welfare Economics of Inflation and Disinflation," American Economic Review, American Economic Association, vol. 78(4), pages 633-646, September.
    2. Olsen, Edgar O. & Rogers, Diane Lim, 1991. "The welfare economics of equal access," Journal of Public Economics, Elsevier, vol. 45(1), pages 91-105, June.
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    More about this item


    Welfare State; Approaches; Government and Economy;

    JEL classification:

    • H8 - Public Economics - - Miscellaneous Issues
    • H80 - Public Economics - - Miscellaneous Issues - - - General


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