Economic growth and social welfare [electronic resource] : operationalising normative social choice theory / edited by Matthew Clarke and Sardar M.N. Islam.
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TextSeries: Contributions to economic analysis ; v. 262.Publication details: Boston : Elsevier, 2004Edition: 1st edDescription: 1 online resource (xvii, 284 p.)ISBN: 9781849508414 (electronic bk.) :Subject(s): Economic development -- Social aspects | Public welfare | Social choice | Economic development -- Social aspects -- Thailand | Public welfare -- Thailand | Social choice -- Thailand | Social Science -- Anthropology -- Cultural | Business & Economics -- Economics -- Microeconomics | Economics | Social welfare & social servicesAdditional physical formats: No titleDDC classification: 306.3 LOC classification: HD75 | .C567 2004Online resources: Click here to access online | Item type | Current library | Call number | URL | Status | Date due | Barcode | Item holds |
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eBook
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Digital Library
Resources in this library are accessible in digital format e.g. eBooks or eJournals accessible online. |
HD75 .C567 2004 (Browse shelf(Opens below)) | Link to resource | Available |
Includes bibliographical references (p. 240-281) and index.
Introduction / Sardar M.N. Islam -- Economic growth and social welfare in Thailand / Sardar M.N. Islam -- Economic growth and social welfare : a hierarchical approach / Sardar M.N. Islam -- Contemporary development issues and economic growth / Sardar M.N. Islam -- Welfare analysis of economic growth on social welfare / Sardar M.N. Islam -- Conclusions and summary / Sardar M.N. Islam -- Economic growth and social welfare : an aggregate approach / Sardar M.N. Islam -- Empirical application of the aggregate approach / Sardar M.N. Islam.
This book studies the relationships between economic growth and social welfare and the policy implications of these relationships for development. Understanding the relationships between economic growth and social welfare is an enduring issue within contemporary development economics and welfare economics. These relationships are analysed in this book by operationalising normative social choice theory. Normative social choice theory is an appropriate approach as it explicitly incorporates society's preferences, values and choices in determining how social welfare should be defined and measured. Two approaches, aggregate and hierarchical, are developed and empirically applied to Thailand for a twenty-five year period 1975-1999. This book concludes that in terms of social welfare, economic growth cannot always be assumed desirable. What is needed is social welfare enhancing economic growth. A review of the policy implications of this finding is also undertaken.
Description based on print version record.
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