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Economic growth and social welfare [electornic resources] operationalising normative social choice theory edited by Matthew Clarke and Sardar M.N. Islam.

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This book studies the relationships between economic growth and social welfare and the policy implications of these relationships for development. These relationships are analysed in this book by operationalising normative social choice theory, with aggregate and hierarchical approaches developed and empirically applied.

摘要註

This book studies the relationships between economic growth and social welfare and the policyimplications of these relationships for development. Understanding the relationships between economic growth and social welfare is an enduring issue within contemporary development economics and welfare economics. These relationships are analysed in this book by operationalising normative social choice theory. Normative social choice theory is an appropriate approach as it explicitly incorporatessociety's preferences, values and choices in determining how social welfare should be defined and measured. Two approaches, aggregate and hierarchical, are developed and empirically applied to Thailand for a twenty-five year period 1975-1999. This book concludes that in terms of social welfare, economic growth cannot always be assumed desirable. What isneeded is social welfare enhancing economic growth. A review of the policy implications of this finding is also undertaken

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