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Social Welfare and Pareto Improvement

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Positive and Normative Analysis in International Economics

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Abstract

Broadly speaking, welfare economics over the past three-quarters of a century deserves credit for many signal developments in the world economy: the expansion of free trade, the extension of competition, and the deregulation of industries such as transportation, energy, communications and finance. Every world leader with a university degree now probably subscribes to the broad principles of welfare economics — in theory, if not always in practice.

This chapter is based on a paper presented at Aoyama Gakuin University on 8 March 2010.

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Authors
  1. Martin C. McGuire
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Editor information

Editors and Affiliations

  1. University of New South Wales, Australia

    Murray C. Kemp (Professor Emeritus) (Professor Emeritus)

  2. Aoyama Gakuin University, Tokyo, Japan

    Hironobu Nakagawa (Professor of Economics) (Professor of Economics)

Copyright information

© 2012 Martin C. McGuire

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McGuire, M.C. (2012). Social Welfare and Pareto Improvement. In: Kemp, M.C., Nakagawa, H., Uchida, T. (eds) Positive and Normative Analysis in International Economics. Palgrave Macmillan, London. https://doi.org/10.1057/9780230348202_6

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