| 21. | It was there that he did his main work on welfare economics, with its application to social accounting.
|
| 22. | 1998 : Amartya Sen, Indian, for work on analyzing the causes of famine and other welfare economics issues.
|
| 23. | Welfare economics seeks to evaluate economic policies in terms of their effects on the well-being of the community.
|
| 24. | The public health imperative of well-being is exactly mirrored in the socio-economic philosophy of capabilities as welfare economics.
|
| 25. | Welfare economics uses the perspective and techniques of microeconomics, but they can be aggregated to make macroeconomic conclusions.
|
| 26. | It has been applied to social welfare economics, the crisis of global poverty, the existential risks to humanity.
|
| 27. | However, perhaps most significant of all are concerns about the limits of a utilitarian approach to welfare economics.
|
| 28. | Beginning in the 1950s, Inada wrote a number of important papers on welfare economics, economic growth and international trade.
|
| 29. | _1998 : Amartya Sen, India, for contributions to welfare economics, which help explain the economic mechanisms underlying famines and poverty.
|
| 30. | Welfare economics deals with the issue of the overall benefit to society of changes that harm some and help others.
|
