{"product_id":"welfare-economics-and-externalities-in-an-open-ended-universe-a-modern-austrian-perspective-von-r-cordato","title":"Welfare Economics and Externalities In An Open Ended Universe","description":"\n                                Along with the renewed interest in the Austrian school of  economics over the last two decades, important advances have been made  in applying its princples to concrete issues that typically face  market economics. However, very little has been done in the area of  externalities and the concept of social efficiency. \n                \n                \u003cbr\u003e\n                                  The overarching purpose of this book is to establish a sound  theoretical basis for further empirical and public policy analysis in  the area of externalities. In order to do this, a general theory of  welfare economics is required. The author offers an alternative to the  conventional neoclassical welfare paradigm -- his construct does not  include perfect competition or general equilibrium. \n                \n                \u003cbr\u003e\n                                  After the author develops his theory of welfare economics, he  interprets externalities in light of the theory and discusses policy  remedies and directions for further research. \n                \n                \u003cbr\u003e\n                            \n            \u003cdiv class=\"aw-variant-hidden-subtitle-div\" id=\"aw-variant-subtitle-9781475721478\"\u003e\u003ch3\u003eA Modern Austrian Perspective\u003c\/h3\u003e\u003c\/div\u003e","brand":"Libri","offers":[{"title":"Softcover - 9781475721478","offer_id":39417085165661,"sku":"9781475721478","price":53.49,"currency_code":"EUR","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0940\/0622\/files\/f5aefa88-addc-405e-b484-9d8613c2848d.jpg?v=1775880911","url":"https:\/\/shop.autorenwelt.de\/products\/welfare-economics-and-externalities-in-an-open-ended-universe-a-modern-austrian-perspective-von-r-cordato","provider":"Autorenwelt Shop","version":"1.0","type":"link"}