Abstract
We can start with the proposition that society’s aim is to maximise its welfare. Two factors which will influence welfare are: (a) the way society uses its limited resources; and (b) the distribution of income between members of society.
This is a preview of subscription content, log in via an institution to check access.
Preview
Unable to display preview. Download preview PDF.
Further Reading
J. Harvey, Modern Economics, 3rd edn (London: Macmillan, 1977) chs 5, 10,11.
K. Lancaster, Introduction to Modern Micro-economics, 2nd edn (Chicago: Rand McNally, 1974) ch. 10.
E. Nevin, Textbook of Economic Analysis, 4th edn (London: Macmillan, 1976) chs 4, 5.
Author information
Authors and Affiliations
Copyright information
© 1981 J. Harvey
About this chapter
Cite this chapter
Harvey, J. (1981). Economic Efficiency through the Price System. In: The Economics of Real Property. Palgrave, London. https://doi.org/10.1007/978-1-349-86070-8_1
Download citation
DOI: https://doi.org/10.1007/978-1-349-86070-8_1
Publisher Name: Palgrave, London
Print ISBN: 978-0-333-31829-4
Online ISBN: 978-1-349-86070-8
eBook Packages: Palgrave Business & Management CollectionBusiness and Management (R0)