Economic Welfare: Concepts and Measurement

实习生ational Library of Critical Writings in Economics series

Edited by John Creedy, Wellington School of Business and Government, Victoria University of Wellington, New Zealand

In conducting a rational analysis of public policy, it is very important to quantify the extent of costs and benefits to individuals resulting from changes in taxes and the price level. Economists seek to provide a money measure of the changing welfare facing different types of individuals. There has been a great deal of research activity in this central area of economics in recent years.