Social Welfare Functions and Income Distributions

  • PierCarlo Nicola
Part of the Lecture Notes in Economics and Mathematical Systems book series (LNE, volume 661)


Old welfare economics, Pigou (1920), considered social welfare as a cardinal notion, while new welfare economics,Little(1950) and Graaff (1957), consider social welfare as an ordinal notion.


Social Welfare Income Distribution Welfare Economic Economic Agent Social Welfare Function 
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Copyright information

© Springer-Verlag Berlin Heidelberg 2013

Authors and Affiliations

  • PierCarlo Nicola
    • 1
  1. 1.Dipto. MatematicaUniversità di MilanoMilanoItaly

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