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On Reconciling Arrow’s Theory of Social Choice with Harsanyi’s Fundamental Utilitarianism
The last paragraph of Kenneth Arrow’s Nobel Lecture is characteristic of the man: The philosophical and distributive implications of...
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Social Choice: the Science of the Impossible?
Lindbeck (1985), in his discussion of the Nobel Prize in Economics, gives social choice theory barely half a sentence, though Arrow himself is...
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Welfare Economics
After the publication of the two major but rather negative textbooks by Little (1950) and Graaff (1957), welfare economics seemed to lie mostly...
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Some Fundamental Issues in Social Welfare
As noted by Amartya Sen (1979, p. 537), Wassily Leontief has succinctly summarized the normative properties ‘on which something like a general...
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Ethical Issues in Income Distribution: National and International
There is an old Jewish story about why British Jews have been less successful than Jews in America. They all left from Russia in a ship holding...
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Cambridge Intellectual Currents of 1900
Let me begin by stating the basic and limited aim of this paper which is to give a backdrop, and a very scanty backdrop, to the remainder of the...
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Carry out the revolution and increase production!
This article is a first non-marxist attempt to explain the evolution of the Chinese economic order theoretically, using Bergsonian welfare economics...