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

  • Authors
  • Roy E. Cordato

Table of contents

  1. Front Matter
    Pages i-xx
  2. Roy E. Cordato
    Pages 1-13
  3. Roy E. Cordato
    Pages 15-37
  4. Roy E. Cordato
    Pages 73-90
  5. Roy E. Cordato
    Pages 91-110
  6. Roy E. Cordato
    Pages 111-118
  7. Back Matter
    Pages 119-140

About this book


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.


Aging Institution Policy Welfare economy welfare economics

Bibliographic information