Economic growth and social welfare operationalising normative social choice theory

This book studies the relationships between economic growth and social welfare and the policy implications of these relationships for development. Understanding the relationships between economic growth and social welfare is an enduring issue within contemporary development economics and welfare eco...

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Bibliographic Details
Main Author: Clarke, Matthew
Other Authors: Islam, Sardar M. N.
Format: eBook
Language:English
Published: Boston Elsevier 2004
Edition:1st ed
Series:Contributions to economic analysis
Subjects:
Online Access:
Collection: Emerald Business, Management and Economics eBook Collection Archive - Collection details see MPG.ReNa
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050 4 |a HD75 
100 1 |a Clarke, Matthew 
245 0 0 |a Economic growth and social welfare  |h Elektronische Ressource  |b operationalising normative social choice theory  |c edited by Matthew Clarke and Sardar M.N. Islam 
250 |a 1st ed 
260 |a Boston  |b Elsevier  |c 2004 
300 |a xvii, 284 p. 
505 0 |a Includes bibliographical references (p. 240-281) and index 
505 0 |a Introduction / Sardar M.N. Islam -- Economic growth and social welfare in Thailand / Sardar M.N. Islam -- Economic growth and social welfare : a hierarchical approach / Sardar M.N. Islam -- Contemporary development issues and economic growth / Sardar M.N. Islam -- Welfare analysis of economic growth on social welfare / Sardar M.N. Islam -- Conclusions and summary / Sardar M.N. Islam -- Economic growth and social welfare : an aggregate approach / Sardar M.N. Islam -- Empirical application of the aggregate approach / Sardar M.N. Islam 
653 |a Social choice / Thailand 
653 |a Economic development / Social aspects 
653 |a Business & Economics / Economics / Microeconomics / bisacsh 
653 |a Social choice 
653 |a Public welfare 
653 |a Social welfare & social services / bicssc 
653 |a Public welfare / Thailand 
653 |a Social Science / Anthropology / Cultural / bisacsh 
653 |a Economic development / Social aspects / Thailand 
653 |a Economics / bicssc 
700 1 |a Islam, Sardar M. N. 
041 0 7 |a eng  |2 ISO 639-2 
989 |b EMBAR  |a Emerald Business, Management and Economics eBook Collection Archive 
490 0 |a Contributions to economic analysis 
856 4 0 |u https://www.emerald.com/insight/publication/doi/10.1108/S0573-8555(2004)262  |x Verlag  |3 Volltext 
082 0 |a 306.3 
520 |a This book studies the relationships between economic growth and social welfare and the policy implications 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 incorporates society'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 is needed is social welfare enhancing economic growth. A review of the policy implications of this finding is also undertaken