Welfare Economics

This is the first of a series of books devoted to economic analysis relating to problems of the Indian economy. The introduction to this volume on welfare economics surveys the landmark contributions in the field which have led to a great deal of research in theoretical welfare economics and the two fundamental theorems of welfare economics. Next, papers focus on some of the issues relating to the fundamental theorems and their implications for public policy. This book is of seminal importance for those interested in gaining a complete understanding of welfare economics and its major concerns, particularly in the context of India.