Welfare Propositions of Economics and Interpersonal Comparisons of Utility

Kaldor, N. (1939). Welfare Propositions of Economics and Interpersonal Comparisons of Utility. The Economic Journal, 49(195), 549-552.

Type

Journal article

Intellectual base

Primary research

Year

1939

DOI

10.2307/2224835

Link

https://doi.org/10.2307/2224835

Cited from

economics_finance

Cited by

3 citations across 3 artifacts.

Each citation links to the sentence it supports in the citing article.

Primes

• Cost–Benefit Analysis
  • The Kaldor-Hicks compensation principle

    This sourceEstablishes the Kaldor compensation principle (potential Pareto improvement: gainers could compensate losers without requiring actual compensation), operationalized in standard CBA benefit-cost logic. Verified support. Note: vol/issue is 49 no. 195 (the prime cites no. 196 — minor detail fix).

• Pareto Efficiency
  • The concept was formalized through twentieth-century welfare economics via a sequence of foundational contributions: Hicks and Kaldor's compensation criteria (1939),

    This sourceEstablishes the Kaldor compensation principle (potential Pareto improvement via compensation-from-gainers-to-losers, without requiring actual compensation); operationalized in standard CBA benefit-cost-ratio logic.

Mechanisms

• Distributional Loss Review
  • Its central failure mode is a floor set cynically low, or a compensation test satisfied by compensation that could be paid but never is — either one launders the very harm the review claims to check.

    This sourceUses a potential-compensation criterion that does not require compensation actually to be paid.

Verification

This reference passed the adversarial substantiation pipeline: it was checked to exist and to support the claim it is attached to. See how references were verified.

Links previously used in the corpus

Before the registry existed this work was also linked 1 other way.

• https://academic.oup.com/ej/article-abstract/49/195/549/5268352 ×1

Registry ID ref:1a086d846f39 · see in the full table