<p>Welfare Economics：Towards a More Complete Analysis<br/>Yew-Kwang Ng<br/>Personal Chair in Economics<br/>Monash University<br/>Australia</p><p> </p><p>Contents</p><p>Preface ix<br/>List of Abbreviations xii<br/>List of Symbols xiii<br/>1 Introduction 1<br/>2 Pareto Optimality 26<br/>3 The Direction of Welfare Change: Welfare Criteria 47<br/>4 The Magnitude of Welfare Change: Consumer Surplus 65<br/>5 Social Choice 92<br/>6 The Optimal Distribution of Income 127<br/>7 Externality 144<br/>8 Public Goods 164<br/>9 First, Second or Third Best? 187<br/>10 Beyond Marginal Analysis: Perspectives from an Inframarginal Analysis of the Division of Labour 230<br/>12 Conclusion: Towards an Interdisciplinary Study of Welfare? 284<br/>Applied Topics 297<br/>References and Author Index 306<br/>Subject Index 351</p><p> </p>

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