"Nath, S.K." <br/><br/>
Reappraisal of welfare economics 

 - London  Routledge and Kegan Paul  1969 
 - 247p. 
<br/><br/> This book questions the logic of some of the commonly accepted propositions of the standard welfare economics. In the process such concepts as optimality in resource allocation, externalities, feasibility, welfare criteria, social welfare function, price and investment criteria for public enterprise, and gains from trade are both explained and critically evaluated. It is argued that welfare <br/>economics has to include ethical considerations, and that if the subject is properly visualised, it covers the analysis of any problem of applied economics. Arguments are advanced for an ad hoc-as opposed to the traditional a prioriwelfare economics. <br/> 
<br/><br/><label>Subjects--Topical Terms: </label><br/>Economics
<br/><br/><label>Dewey Class. No.: </label>330.155 NAT