Equilibrium for a Competitive Economy – 5. On the Stability of the Competitive Equilibrium I —6. On the

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into values for society as a whole, in a way that is both fair and theoretically sound? Is the majority

continued to grow, casting doubt on the received wisdom. The aim of this two-volume book is to analyze the

sustainable welfare? - Eric Clark and Håkan Johansson Chapter 11: What is possible, what is imaginable

over the past 150 years and why it is important. He reviews various definitions and theories of power

firm theoretical foundation is needed before proceeding along this new path, which this book is

economists can reasonably say that some state of the world is inefficient. He then applies the new analysis

What is the effect of a new infrastructure on the well-being of a local community? Is a tax reform

efficiency and equity, i.e. taxes and subsidies, implemented by a public authority. The model is numerically

, or how to value what has no price -- Is happiness all that matters? -- Empowering capabilities

globalizing world. The book is a modern and comprehensive exposition of public economics. It includes extended