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单词 welfare economics
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welfare economics
welfare economics n. (the branch of) economics concerned with the effects of economic activity on the welfare of the individuals that compose society; spec. economic theory or practice aimed at improving the welfare of the individual.Theorists associated with this branch include Léon Walras, Vilfredo Pareto, and John Hicks.
ΘΚΠ
society > trade and finance > management of money > management of national resources > [noun] > political economy > branches or models of
statics1848
classical economics1885
bioeconomics1913
welfare economics1920
econometry1926
econometrics1931
microeconomics1943
macroeconomics1945
development economics1959
microsimulation1966
public choice1968
1920 Amer. Econ. Rev. 10 467 (heading) Price economics versus welfare economics.
1952 R. Mosier Amer. Temper 266 The declared object of evolutionary economics was the public welfare, and its principles were soon combined in what came to be known as welfare economics.
2011 M. D. White Kantian Ethics & Econ. iv. 125 Welfare economics assesses the effects on aggregate well-being of institutions, policies, or laws, with the ultimate aim of increasing or maximizing welfare by either manipulating existing arrangements or instituting new ones.
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