Abstract
In the beginning of the twentieth century, the newly born neoclassical economics produced a special branch which was responsible for the analysis of economic policy on the basis of its influence on economic welfare. For several decades, economists tried to develop this branch avoiding any cooperation with moral philosophy. Although several interesting discoveries were made and a special area of mathematics (analysis of social welfare functions) was developed, the outcome of this development turned quite questionable, and one reason for this was a lack of cooperation with moral philosophy.
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Storchevoy, M. (2018). Welfare Economics. In: Business Ethics as a Science. Palgrave Macmillan, Cham. https://doi.org/10.1007/978-3-319-68861-9_1
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DOI: https://doi.org/10.1007/978-3-319-68861-9_1
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