On the Valuation of Social Income-Reflections on Professor Hicks' Article. Part I

PROFESSOR HICKS deals first with the case of an individual in two situations, distinguished by different quantities of goods purchased (q'1, qL, etc., in Situation I and q'2, q2, etc., in Situation II) at different prices (P'i, p,, etc., and P'2, P2, etc.). Constant wants or unchanged tastes are assumed, with the consequence that the indifference curves in the two situations belong to the same system, and, therefore, cannot intersect. The criteria by which one can judge whether an individual's welfare increased from Situation I to II are given as follows

Constant (computer programming) · Economics · Market economy · Mathematical economics · Microeconomics · Political science · Positive economics · Social Welfare · Sociology · Valuation (finance) · Welfare · Computer Science · Economic Theory and Institutions · Finance · Law

• Welfare Criteria

  E J Mishan•The Economic Journal•1973

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• Real National Income

  Amartya Sen•The Review of Economic Studies•1976

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• São Paulo metrópole

  Open Access•Claudi Salvadori Dedecca, Cassiano José Bezerra Marques Trovão•Estudos Avançados•2024

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