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Measuring Social Welfare : An Introduction by Matthew D. Adler is a book available to read on EtoBox.
What is Measuring Social Welfare : An Introduction about?
Disputes over government policies rage in a number of areas. From taxation to climate change, from public finance to risk regulation, and from health care to infrastructure planning, advocates debate how policies affect multiple dimensions of individual well-being, how these effects balance against each other, and how trade-offs between overall well-being and inequality should be resolved. How to measure and balance well-being gains and losses is a vexed issue. Matthew D. Adler advances the debate by introducing the social welfare function (SWF) framework and demonstrating how it can be used as a powerful tool for evaluating governmental policies. The framework originates in welfare economics and in philosophical scholarship regarding individual well-being, ethics, and distributive justice. It has three core components: a well-being measure, which translates each of the possible policy outcomes into an array of interpersonally comparable well-being numbers, quantifying how well off each person in the population would be in that outcome; a rule for ranking outcomes thus described ; and an uncertainty module, which orders policies understood as probability distributions over outcomes
- Author
- Matthew D. Adler
- Publisher
- Oxford University Press, Incorporated
- Published
- 2019
- Language
- EN
- ISBN
- 9780190643041
- Subjects
- Business, Political Science, Social Science
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