Measuring Economic Welfare: New Methods.

Abstract

Preface 1. An introduction to the money-metric 2. The marginal utility of money as an integrating factor 3. Calculation of the money-metric 4. The approach of Dupuit and Marshall 5. The Hicksian approach 6. Approximations based on consumer surplus 7. A reconsideration of the theory of index numbers 8. The money-metric as a basis for calculation of social welfare functions 9. Measurement of the social costs of monopoly 10. A final comment and conclusion References Index.