search query: @indexterm economic conditions / total: 1703
reference: 172 / 1703
| Author: | Dasgupta, P. |
| Title: | Valuing Objects and Evaluating Policies in Imperfect Economies |
| Journal: | Economic Journal
2001 : MAY, VOL. 111:47, p. c1-c29 |
| Index terms: | ECONOMICS VALUE THEORY EVALUATION ECONOMIC CONDITIONS ECONOMIC THEORY |
| Language: | eng |
| Abstract: | The plan of the paper is as follows: in the beginning the author indices of social well-being because he frequently wishes to compare the lives of different groups of people at a given point in time, as well as through time. The author also needs welfare indices because of his desire to compare the state of affairs in different places (villages, districts, states, countries), so as to help determine in which way they differ and what, if anything, needs to be done. In Section 2 the author recounts the role accounting prices should play in valuing goods and services. Section 3 is about policy evaluation. In Section 3.1 the author sketches various means by which non-market transactions occur. Sections 3.2-3.4 contain three examples of contemporary failure to take into account non-market interactions when public policies are debated. |
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