Efficiency, Equality and Public Policy: With a Case for Higher Public Spending

By Yew-Kwang Ng and Na Na

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This book provides compelling arguments for the exclusive concern with efficiency ('a dollar is a dollar') in all specific areas of public economic policy, leaving the objective of equality to be achieved through the general tax/transfer system. Public policies should ultimately maximize the sum of individual welfares which should be individual happiness rather than preferences. Relative-income and environmental disruption effects cause a bias in favour of private spending which is no longer conducive to happiness socially. Welfare can be increased more by higher public spending on research and environmental protection, including the perfection of the techniques of brain stimulation to increase happiness.

Format:Hardcover

Language:English

ISBN:0333671651

ISBN13:9780333671658

Release Date:April 2000

Publisher:Palgrave MacMillan

Length:189 Pages

Weight:0.89 lbs.

Dimensions:0.6" x 5.5" x 8.5"

Related Subjects

Business Business & Investing Economic Policy Political Science Politics & Government Politics & Social Sciences

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Efficiency, Equality and Public Policy: With a Case for Higher Public Spending

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