
Equations (1) and (3) are essentially those given in the chapter on welfare economics in my Foundations of Economic Analysis. They constitute my version of the "new welfare eco- nomics."
Public good: optimal provision & Samuelson equation Definition – the provision of a public good is socially optimal where the sum of individual marginal rates of substitution is equal to the social …
given in the chapter on welfare economics in my Foundations of Economic Analysis. They constitute my version of the "new welfare eco- nomics."
Samuelson’s best-selling elementary textbook (Samuelson 1948), the increasing prominence of the MIT economics department, his prominent involvement in debates over public policy, and a succession of …
One of those rare scientists who can communicate with the lay public, Professor Samuelson wrote an economics column for Newsweekfor many years and was economic adviser to President John F. …
(Nov., 1954), pp. 387-389. Stable URL: http://links.jstor.org/sici?sici=0034-6535%28195411%2936%3A4%3C387%3ATPTOPE%3E2.0.CO%3B2-A The Review of Economics …
Samuelson's Approach to Revealed Preference Theory: Some Recent Advances Thomas Demuynck Per Hjertstrandy April, 2019 Forthcoming chapter in Paul Samuelson: Master of Modern Economics, …