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Beckerman, Wilfredauthor

2nd ed. 2017.

1 online resource (XV, 297 pages 7 illustrations)

Part 1. Basic Principles -- 1. Preview -- 2. The Main Concepts -- 3. Fact and Value in Personal Choice -- 4. How to Make 'Bad' Choices -- 5. Fact and Value in Economic Policy: three examples -- 6. From Economic 'Efficiency' to Economic Welfare -- 7. The 'Social Welfare Function' -- 8. The 'Mindless' Society -- 9. Utilitarianism: The Search For A Single Over-riding Value -- 10 Constraints on Utilitarianism -- Part 2. Applications -- 11. GDP and Friends -- 12. Happiness -- 13. The Most Important Price: The Discount Rate -- 14. The Price of life -- 15. Equality: Fact or Value -- 16. Equality of What? -- 17. The Boundary of Society in Space -- Annex to Chapter 17: How to share out equitably he burden of combating climate change -- 18. The Boundary of Society in Time -- 19. Overview: The Role of Welfare Economics.