Social Welfare Functions and Income Distributions

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

Abstract

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.

Keywords

Social Welfare Income Distribution Welfare Economic Economic Agent Social Welfare Function 
These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.

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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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