Contents
Instructions
Ethical Theories
The Utilitarians
Pareto and the Marginalists
The New Welfare Economics
Social Choice
The Attack on Welfarism
Competitive Equilibrium with Transfers
The Pareto Order
The First Welfare Theorem
The Second Welfare Theorem
Lange's Approach
Arrow's Theorem
Cardinal Utility
Arrow with Cardinal Utility
Relaxing Arrow's Assumptions
Pareto vs. Liberalism
Appendix
The Existence of Pareto Optima
The Welfare Theorems with Externalities