Welfare Economics and Externalities In An Open Ended Universe A Modern Austrian Perspective

Along with the renewed interest in the Austrian school of economics over the last two decades, important advances have been made in applying its princples to concrete issues that typically face market economics. However, very little has been done in the area of externalities and the concept of socia...

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Bibliographic Details
Main Author: Cordato, R.
Format: eBook
Language:English
Published: New York, NY Springer US 1992, 1992
Edition:1st ed. 1992
Subjects:
Online Access:
Collection: Springer Book Archives -2004 - Collection details see MPG.ReNa
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245 0 0 |a Welfare Economics and Externalities In An Open Ended Universe  |h Elektronische Ressource  |b A Modern Austrian Perspective  |c by R. Cordato 
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505 0 |a 1: The Genealogy of the Austrian Position -- 2: Externalities and Modern Austrian Theories of Economic Welfare: Problems and Promises -- 3: Catallactic Efficiency: Welfare Economics In An Open Ended World -- 4: Catallactic Efficiency and Externalities -- 5: Application: The Economics of Tort Liability -- Conclusion -- References 
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653 |a Political Science 
653 |a Political science 
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520 |a Along with the renewed interest in the Austrian school of economics over the last two decades, important advances have been made in applying its princples to concrete issues that typically face market economics. However, very little has been done in the area of externalities and the concept of social efficiency. The overarching purpose of this book is to establish a sound theoretical basis for further empirical and public policy analysis in the area of externalities. In order to do this, a general theory of welfare economics is required. The author offers an alternative to the conventional neoclassical welfare paradigm -- his construct does not include perfect competition or general equilibrium. After the author develops his theory of welfare economics, he interprets externalities in light of the theory and discusses policy remedies and directions for further research