Enhancing welfare without a theory of welfare
نویسندگان
چکیده
منابع مشابه
Welfare Theory
It is reasonable to say that Adam Smith (1776) has played an important role in the development of welfare theory. The reasons are at least two. In the first place, he created the invisible hand idea that is one of the most fundamental equilibrating relations in Economic Theory; the equalization of rates of returns as enforced by a tendency of factors to move from low to high returns through the...
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ژورنال
عنوان ژورنال: Behavioural Public Policy
سال: 2019
ISSN: 2398-063X,2398-0648
DOI: 10.1017/bpp.2019.34