Measuring social welfare : an introduction / Matthew D. Adler.

The social welfare function (SWF) framework is a powerful tool for evaluating governmental policies in light of human well-being. The framework originates in theoretical welfare economics and is widely used in contemporary economic scholarship, although not (yet) in governmental practice. This book...

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Bibliographic Details
Main Author: Adler, Matthew D. (Author)
Format: eBook
Language:English
Published: New York : Oxford University Press, [2019]
Subjects:
Online Access:Click for online access

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100 1 |a Adler, Matthew D.,  |e author. 
245 1 0 |a Measuring social welfare :  |b an introduction /  |c Matthew D. Adler. 
264 1 |a New York :  |b Oxford University Press,  |c [2019] 
300 |a 1 online resource 
336 |a text  |b txt  |2 rdacontent 
337 |a computer  |b c  |2 rdamedia 
338 |a online resource  |b cr  |2 rdacarrier 
505 0 |a The social welfare function : an overview -- Measuring well-being -- The landscape of SWFs -- Which SWF should we chose? : a debate -- Implementing the SWF framework : a case study -- The institutional role of the SWF -- Research frontiers. 
520 |a The social welfare function (SWF) framework is a powerful tool for evaluating governmental policies in light of human well-being. The framework originates in theoretical welfare economics and is widely used in contemporary economic scholarship, although not (yet) in governmental practice. This book is intended to provide an accessible, yet reasonably rigorous overview of the SWF approach. The framework has three components: an interpersonally comparable measure of well-being, which functions to translate outcomes into lists ("vectors") of well-being numbers, one for each person in the population; a rule (the SWF) for ranking well-being vectors, such as the utilitarian SWF (which simply adds up well-being numbers), a continuous-prioritarian SWF (which gives greater weight to the worse off), or some other; and a procedure for ranking policies, understood as probability distributions across outcomes. Each component of the SWF framework is reviewed in detail; in doing so, the book engages both the economic literature on SWFs and philosophical scholarship regarding individual well-being, ethics, and distributive justice. The book also clarifies the difference between the SWF approach and cost-benefit analysis (CBA), which uses money rather than an interpersonally well-being measure as the scale for quantifying policy impacts. The book includes a detailed case study of risk regulation--illustrating how the SWF framework can be used in practice and how it contrasts with CBA. The book is written to be accessible to readers without much mathematical training, but is backed up by an extensive mathematical appendix 
588 0 |a Online resource; title from home page (University Press Scholarship, viewed Apr 23, 2020) 
504 |a Includes bibliographical references (pages 299-307) and index. 
650 0 |a Public welfare. 
650 0 |a Distributive justice. 
650 7 |a welfare services.  |2 aat 
650 7 |a 83.13 welfare economics.  |0 (NL-LeOCL)077607066  |2 bcl 
650 7 |a Distributive justice  |2 fast 
650 7 |a Public welfare  |2 fast 
650 7 |a Wohlfahrtstheorie  |2 gnd 
650 7 |a Wohlfahrtsfunktion  |2 gnd 
650 7 |a Evaluationsforschung  |2 gnd 
650 7 |a Politikfeldanalyse  |2 gnd 
650 7 |a Wohlfahrtsmessung  |2 gnd 
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