Standards of Living in the Later Middle Ages or An Introduction to Modern Welfare Economics

Standards of Living in the Later Middle Ages: Social Change in England c. 1200-1520

Author: Christopher Dyer

Between 1200 and 1520 medieval English society went through a series of upheavals--wars, pestilence, and rebellion. This book looks at aristocrats, peasants, townsmen, wage-earners, and paupers, and examines how they obtained and spent their incomes. Did the aristocracy practice conspicuous consumption? Did the peasants really starve? The book focuses on the varying fortunes of different social groups in the inflation of the thirteenth century, the crises of the fourteenth, and the apparent depression of the fifteenth. Dr. Dyer explains the changes in terms of the dynamics of a social and economic system subjected to stimuli and stresses.

Read also Florida Cookbook or Traditional Scottish Cookery

An Introduction to Modern Welfare Economics

Author: Per Olov Johansson

This is the first book on welfare economics to be primarily intended for undergraduates. It explores such concepts as Pareto optimality in a market economy, the compensation criterion, and the social welfare function, and analyzes market failures using different ways of measuring welfare changes. The book covers public choice, and the issues of efficient provision of public goods, government failures, and efficient and optimal taxation, concluding with an examination of applied welfare economics, methods for revealing people's preferences, cost-benefit analysis, and project evaluation in a risky world.

Table of Contents:

Preface;

1. Introduction;
2. Pareto optimality in a market economy;
3. The compensation principle and the social welfare function;
4. Measuring welfare changes;
5. Market failures - causes and welfare consequences;
6. Public choice;
7. A smorgasbord of further topics;
8. How to overcome the problem of preference revelation: practical methodologies;
9. Cost-benefit analysis;
10. The treatment of risk; Appendix; References.