Readings in Welfare Economics: A Selection of papers from the Review of Economic Studies

Front Matter....Pages i-xv
The Concept of Monopoly and the Measurement of Monopoly Power....Pages 1-19
On the Economic Theory of Socialism: Part I....Pages 20-38
A Note on Socialist Economics....Pages 39-43
Mr Lerner’s “Note on Socialist Economics”....Pages 44-45
A Note on Welfare Propositions in Economics....Pages 46-57
A Reconsideration of the Theory of Tariffs....Pages 58-79
On Optimum Tariff Structures....Pages 80-92
The Cost of a Family....Pages 93-114
Optimum Tariffs and Retaliation....Pages 115-127
Myopia and Inconsistency in Dynamic Utility Maximization....Pages 128-143
The General Theory of Second Best....Pages 144-166
Tariffs, Retaliation, and the Elasticity of Demand for Imports....Pages 167-196
Comments on “The General Theory of Second Best”....Pages 197-212
McManus on Second Best....Pages 213-214
The Analogy Between Atemporal and Intertemporal Theories of Resource Allocation....Pages 215-232
Paths of Economic Growth that are Optimal with Regard only to Final States: A Turnpike Theorem....Pages 233-239
The Social Optimum in the Presence of Monopoly and Taxation....Pages 240-252
Choosing an Investment Program among Interdependent Projects....Pages 253-257
The Role of Securities in the Optimal Allocation of Risk-bearing....Pages 258-263
A Note on Democratic Decision and the Existence of Choice Sets....Pages 264-272
Planning without Prices....Pages 273-288