Posted: March 6th, 2015

as tools of real-world policy analysis, social welfare functions have been subjected to severe criticism. Discuss with extensive reference to the literature on theoritical welfare economics including Arrow's famous Impossibility Theorem

Research topics 

1. social welfare functions embody a normative conception of the relative importance of equity and efficiency. with aid of diagrams, illustrate and explain in this proposition.

2. as tools of real-world policy analysis, social welfare functions have been subjected to severe criticism. Discuss with extensive reference to the literature on theoritical welfare economics including Arrow’s famous Impossibility Theorem

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