Welfare, Social Justice and Governance

By Maria Alejandra Madi¹
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Affiliations: ¹ World Economics Association, State University of Campinas, Av. Anglica 1711, cj. 111, So Paulo, SP, Brazil
Source: Pluralist Readings in Economics: Key Concepts and Policy Tools for the 21st Century , pp 119-137
Publication Date: June 2017
Language: English

This chapter provides a range of economic and philosophical perspectives drawing from the classic writings of Arthur Pigou, Amartya Sen and Elinor Ostrom. Firstly, we present the contribution of Arthur Pigou that highlights the relevance of government interventions to address the impacts of externalities on social welfare. Then, we consider Amartya Sens ideas that show deep concerns about justice in contemporary economic theory and public policy. Finally, we present the contribution of Elinor Ostrom to the management of common-pool resources, at local and global levels.

Hardbound ISBN: 9781681085074

Ebook ISBN: 9781681085067

Book DOI: https://doi.org/10.2174/97816810850671170201