This innovative history of welfare economics challenges the view that welfare economics can be discussed without taking ethical values into account. Whatever their theoretical commitments, when economists have considered practical problems relating to public policy, they have adopted a wider...

Machine generated contents note: -- Part I. Varieties of Liberalism and the early welfare state: UK, Germany, and Japan -- 1. Liberalism and the welfare state in Britain, 1880-1945 -- Roger Backhouse, Bradley Bateman, and Tamotsu Nishizawa -- 2. New liberalism to the new right: economists and...

Intro -- Contents -- 1. Keynes Returns, but Which Keynes? -- 2. The Rise and Fall of Keynesian Economics -- 3. Keynes the Moral Philosopher: Confronting the Challenges to Capitalism -- 4. Keynes the Physician: Developing a Theory of a Capitalist Economy -- 5. Keynes's Ambiguous Revolution -- 6....