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Measuring Social WelfareAn Introduction$
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Matthew D. Adler

Print publication date: 2019

Print ISBN-13: 9780190643027

Published to Oxford Scholarship Online: November 2019

DOI: 10.1093/oso/9780190643027.001.0001

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Introduction

Introduction

Chapter:
(p.1) Introduction
Source:
Measuring Social Welfare
Author(s):

Matthew D. Adler

Publisher:
Oxford University Press
DOI:10.1093/oso/9780190643027.003.0001

This chapter is a brief introduction to Measuring Social Welfare. The book provides an overview of the social welfare function (SWF) framework for assessing governmental policy. This introductory chapter motivates the framework via some stylized examples of policy choices involving environmental protection, redistributive taxation, infrastructure planning, climate change, and health policy. These examples illustrate recurring features of policy choice: that policies affect multiple dimensions of individual well-being; have “losers” as well as “winners”; produce a range of well-being changes (losses or gains) to individuals starting at a range of well-being levels; and may require a tradeoff between overall well-being and inequality. The SWF framework is able to take account of these recurring features of policy choice, and is applicable to a wide range of policy domains.

Keywords:   social welfare function (SWF), well-being, governmental policy, policy evaluation, inequality, cost-benefit analysis (CBA)

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