Production, income and welfare

THis interesting collection of previously inaccessible papers provides for the first time in English a clear picture of the development of this distinguished economist's views of desirable social order." DAVID MAYES, National Economic O Development Office.

This is a major new book by Jan Tinbergen, the first economist to re ceive the Nobel Prize in economics, shared with Ragnar Frisch.

The essays collected here form an innovative new analysis of the best socio-economic policy, aiming to identify the optimum combination of the market and planned elements of the economy.

Using the basic tools of economic and econometric analysis, Tin bergen examines the production process at the heart of the economy with particular attention to different types of labour and counter-produc tive activities in today's society. He discusses income distribution, emphasising the scarcity of some types of labour and the concept of equity, and goes on to consider welfare, its measurement and its determinants. In conclusion, he demonstrates how an optimal social order should look and how it can be achieved, defining democratic socialism as the principal route.