The Direction of Welfare Change: Welfare Criteria
Y. Ng
1983
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Key Takeaway Key Takeaway: Welfare criteria are the criteria that determine the direction of welfare policy changes, ensuring social improvement while minimizing negative effects on individuals.
Abstract
In the previous chapter we noted that the Pareto principle is a sufficient condition for social improvement. However most policy changes make some individuals better off and some worse off, so can we still have a sufficient condition for social improvement? This brings us to the issue of welfare criteria, which has been the subject of considerable debate in the literature on welfare economics.
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