A Viewpoint Of The Welfare Economics

The article will be emphasized on the main theory of the Welfare Economics, including the original and new theory of Welfare Economics, the relative Welfare Economics and the dissertation about welfare, poverty and inequality and so on. Through reading the article, we can know well about the Welfare Economics and get some important revelations. The brief introduction of the article is as below, divided into six sections.The first section, the formation and development. Its formation is expatiate through introducing Honson,J·A å'Œ Pigou,A·C,the reprehensive of the Welfare Economics. Its development can be divided into four phases, the first one, the original Welfare Economics in the earlier time, the second one, the new Welfare Economics,represented by Little, Hicks, Scitovszky, Pareto, Bergson and so on; the third one, the relative Welfare Economics, represented by Easterlin,Mishan and so on.The fourth, the phase backing to the utility theory and the cardinal utility,represented by the most excellent economist Sen,Amartya K,huangyouguang included.The second section, idealistic foundation. Following the doctrine of Adam · Smith and the maximal social welfare theory, it acknowledges the assumption of rational people and thinks the free competition is the most efficient. But it surpass the rigid restriction on the government by Adam · Smith, and thinks the government should intervene the income distribution to maximize the social welfare. They are its economic and social welfare foundation. Its philosophy foundation is benthamism.The third section, the characteristics of the welfare economics. It belongs...