Vanberg, Viktor - Max-Planck-Gesellschaft zur Förderung der Wissenschaften - 2009
Beyond its explanatory ambitions as positive science, economics has always had its normativeor applied branch that aims … at providing advice about how man’s socio-economic conditionmight be improved. Under the name welfare economics the … long been thesubject of controversy, and in response to objections welfare economics underwent variousmodifications and …