A Reformulation of Certain Aspects of Welfare Economics.

Bergson, A. (1938). A Reformulation of Certain Aspects of Welfare Economics. Quarterly Journal of Economics, 52(2), 310-334.

Type

Journal article

Intellectual base

Primary research

Year

1938

Link

https://doi.org/10.2307/1881737matched

Cited from

economics_finance

Cited by

2 citations across 2 artifacts.

Primes

• Marginal Utility
  • Welfare economics and social choice: Social welfare functions (Bergson, 1938; Samuelson, 1947)
• Pareto Efficiency
  • … the concept's strength—it commands widespread agreement as a minimal standard—and its weakness: most real policy choices involve trade-offs and therefore fall outside the Pareto criterion's reach, requiring supplementary frameworks like Kaldor-Hicks compensation or explicit social-welfare-function formulations.

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