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

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 t...

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Bibliographische Detailangaben
1. Verfasser: Ng, Yew-Kwang (VerfasserIn)
Format: Elektronisch E-Book
Sprache:English
Veröffentlicht: London Palgrave Macmillan UK 2000
Schlagworte:
Finance, Public
Public policy
Welfare economics
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Volltext
Zusammenfassung: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
Beschreibung:1 Online-Ressource (X, 189 Seiten)
ISBN:9780333992777
DOI:10.1057/9780333992777

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