Kaldor-Hicks-Scitovszky Criteria: A Postmortem

Jhunjhunwala, Bharat

doi:10.2307/1056026

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Assessment Of Harm In Social-economic System: Role and Princ1

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2015

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“…According to scholars (Č iegis, 2006;De Vroey, 2006;Reh, 2005;Блауг, 1994;Yew-Kwang, 1984;Jhunjhunwala, 1974), measurement of economic welfare and, at the same time, damages require the employment of certain rules and criteria, whereas such measurement can be subjective and dependent on the priorities of decision makers. A simple criterion was offered by neo-classicist Vilfredo Pareto , who identified the conditions under which no one can be made better off by making someone worse off.…”

Section: Assessment Of Harm In Social-economic System: Role and Princmentioning

confidence: 99%