Description
Book SynopsisThis concise Handbook examines welfare measurement problems in a dynamic economy, focusing on the welfare-economic foundations for social accounting.
Trade Review‘In a world that is possibly threatened by catastrophic climate changes it is more important than ever to augment and modify current systems of national accounts so as to measure welfare in a dynamic context, i.e. move towards social accounting. This outstanding text written by leading names in the field covers all essential aspects of dynamic welfare theory and also goes beyond pure theory by providing discussion of how to go from theory to application.’ -- Per-Olov Johansson, Stockholm School of Economics, Sweden
Table of ContentsContents: 1. An Introduction to the Theory of Social Accounting Thomas Aronsson and Karl-Gustaf Löfgren 2. The Money Metrics Problem in Dynamic Welfare Analysis Karl-Gustaf Löfgren 3. Welfare Measurement, Hyperbolic Discounting and Paternalism Kenneth Backlund and Tomas Sjögren 4. Dynamic Endogenous Risk and Social Accounting Ram Ranjan and Jason F. Shogren 5. Welfare Measurement and Public Goods in a Second-best Economy Thomas Aronsson 6. How are Green National Accounts Produced in Practice? Eva Samakovlis 7. The Theory of Dynamic Cost–Benefit Analysis: Some Recent Advances Chuan-Zhong Li 8. Some Dynamic Economic Consequences of the Climate-Sensitivity Inference Dilemma Martin L. Weitzman 9. Sustainable Consumption Programs John M. Hartwick 10. The Relationship Between Welfare Measures and Indicators of Sustainable Development Geir B. Asheim 11. Genuine Saving, Social Welfare and Rules for Sustainability Kirk Hamilton Index
