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2012 | OriginalPaper | Chapter

Social Welfare and Pareto Improvement

Author : Martin C. McGuire

Published in: Positive and Normative Analysis in International Economics

Publisher: Palgrave Macmillan UK

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Broadly speaking, welfare economics over the past three-quarters of a century deserves credit for many signal developments in the world economy: the expansion of free trade, the extension of competition, and the deregulation of industries such as transportation, energy, communications and finance. Every world leader with a university degree now probably subscribes to the broad principles of welfare economics — in theory, if not always in practice.

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previous chapter Comparative Cost and Factor Endowments: Ricardo and Ohlin
next chapter The Welfare Effect of International Cost Harmonization
Metadata
Title
Social Welfare and Pareto Improvement
Author
Martin C. McGuire
Copyright Year
2012
Publisher
Palgrave Macmillan UK
Book
Positive and Normative Analysis in International Economics

Print ISBN: 978-1-349-33914-3

Electronic ISBN: 978-0-230-34820-2

Copyright Year: 2012

DOI
https://doi.org/10.1057/9780230348202_6