The Foundations of Economic Policy : Values and Techniques (Paperback)

1. Introduction; Part I. Defining Social Preferences: 2. Individual preferences and social preferences; 3. The Pareto principle and 'new welfare economics'; Part II. Social Choices, Government and the Market: 4. Theories of justice, welfare functions and the social optimum; 5. Social preferences and institutions; 6. Market failures: microeconomic aspects; 7. Market failures: macroeconomic aspects; Part III. Normative and Positive Theory of Economic Policy: 8. The normative theory of economic policy; 9. 'Non-market' failures: elements of a positive theory of economic policy; Part IV. Microeconomic Intervention: 10. Microeconomic policies for efficiency; 11. Redistributive policies and optimal taxation; 12. Social choice and cost-benefit analysis; Part V. Macroeconomic Intervention in a Closed Economy: 13. Macroeconomic objectives and monetary policy; 14. Macroeconomic objectives and fiscal policy; 15. Incomes and price policies; Part VI. Macroeconomic Intervention in an Open Economy: 16. Monetary systems and exchange rate regimes; 17. Balance of payments policies; 18. Economic policies in an open economy; Part VII. Problems of 'Regime' in Government Action, Domestic and International: 19. Consistency in public choice; Index; References.