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Cost-Benefit Analysis and Social Welfare Functions  

Matthew D. Adler

Print publication date:
Jun 2019
Online publication date:
Jun 2019
This chapter describes and compares the two most important policy-analysis methodologies in economics: cost-benefit analysis (CBA) and the social-welfare-function (SWF) framework. Both ... More

Humane Markets: The Classical Tradition of Political Economy  

James R. Otteson

Print publication date:
Jun 2019
Online publication date:
Jun 2019
Markets are often criticized for being amoral, if not immoral. The core of the “political economy” that arose in the eighteenth century, however, envisioned the exchanges that take place ... More

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