Overview
- Offers an introduction to the axiomatics of economic design
- Covers the main literature on economic design, followed by a mathematical representation
- Presents a compact user’s manual on the axiomatic method
Part of the book series: Studies in Choice and Welfare (WELFARE)
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Table of contents (14 chapters)
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Front Matter
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Axiom Types
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Front Matter
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Back Matter
Keywords
About this book
This textbook is Volume 1 of a two-volume set on the axiomatics of economic design. Its central argument is that economic institutions are not God-given: they are man-made. Their ultimate goal is to promote social welfare. The book describes the axiomatic approach to design. It consists in the formulation of criteria of desirability of solution mappings, and of the examination of their logical implications when imposed in various combinations. Its goal is to identify as precisely as possible the line that separates those combinations of desiderata that are compatible and those that are not. The end product of axiomatic work are menus of choices for practitioners to choose from when they have to make a decision.
The first volume offers pedagogical coverage of the axiomatic approach to economic design, in the form of answers to questions posed by a young person curious about it. It introduces readers to what motivates economic design. It continues with the mathematical representation of a class of allocation problems.
The bulk of the volume is to present structured inventories of the field of axioms, arranged by format first, and content next. These chapters are followed by a user's manual on the axiomatic method. Lastly, the volume discusses how economic design can be aided by other disciplines, in particular philosophy, mathematics, and computer science.
Authors and Affiliations
About the author
Bibliographic Information
Book Title: The Axiomatics of Economic Design, Vol. 1
Book Subtitle: An Introduction to Theory and Methods
Authors: William Thomson
Series Title: Studies in Choice and Welfare
DOI: https://doi.org/10.1007/978-3-031-29398-6
Publisher: Springer Cham
eBook Packages: Economics and Finance, Economics and Finance (R0)
Copyright Information: The Editor(s) (if applicable) and The Author(s), under exclusive license to Springer Nature Switzerland AG 2023
Hardcover ISBN: 978-3-031-29397-9Published: 09 September 2023
Softcover ISBN: 978-3-031-29400-6Due: 10 October 2023
eBook ISBN: 978-3-031-29398-6Published: 08 September 2023
Series ISSN: 1614-0311
Series E-ISSN: 2197-8530
Edition Number: 1
Number of Pages: XVI, 313
Number of Illustrations: 56 b/w illustrations
Topics: Social Choice/Welfare Economics/Public Choice/Political Economy, Industries, Economic Theory/Quantitative Economics/Mathematical Methods, Social Choice/Welfare Economics/Public Choice/Political Economy