The new welfare economics, both of the Kaldor-Hicks-Scitovsky-Samuelson school built on the compensation principles and the Bergson-Samuelson school built on the social welfare function, tried to expand the domain of applicability of the Pareto unanimity principle. The purpose of this paper is...

This paper reflects on consequentialism which underlies the traditional normative economics. It asserts that the informational basis of normative economics should be expanded so that the intrinsic value of social choice procedures should be properly taken into account along with the value of...

This note compares project evaluation rules for large projects by Negishi and Harris and points out that the extensions by Harris depend on his implicit weakening of the criterion for potential welfare improvement compared with Negishi's original welfare criterion.

This note compares project evaluation rules for large projects by Negishi and Harris and points out that the extensions by Harris depend on his implicit weakening of the criterion for potential welfare improvement compared with Negishi's original welfare criterion.

The new welfare economics, both of the Kaldor-Hicks-Scitovsky-Samuelson school built on the compensation principles and the Bergson-Samuelson school built on the social welfare function, tried to expand the domain of applicability of the Pareto unanimity principle. The purpose of this paper is...

This paper reflects on consequentialism which underlies the traditional normative economics. It asserts that the informational basis of normative economics should be expanded so that the intrinsic value of social choice procedures should be properly taken into account along with the value of...