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Editors’ Introduction The two authors had tried alternative drafts to reach a consensus. While they had no problem in agreeing on Part II, the final version of Part I was mainly drafted by Lipsey, partly based on previous versions, with only minor revisions and additions from Ng. For a main part of the version preferred by Ng, please see section 2 of Ng (2017b). Importantly, the main disagreement over Part I was how to present the reasoning behind the results of first-best and second-best theories, results with which both authors agree. They also wish to acknowledge the research assistance of Zhang Chen

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  • Richard G. Lipsey
  • Yew-Kwang Ng

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  • Richard G. Lipsey & Yew-Kwang Ng, 2017. "Editors’ Introduction The two authors had tried alternative drafts to reach a consensus. While they had no problem in agreeing on Part II, the final version of Part I was mainly drafted by Lipsey, par," Pacific Economic Review, Wiley Blackwell, vol. 22(2), pages 147-154, May.
    • Handle: RePEc:bla:pacecr:v:22:y:2017:i:2:p:147-154
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    References listed on IDEAS

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    1. Mark Blaug, 2007. "The Fundamental Theorems of Modern Welfare Economics, Historically Contemplated," History of Political Economy, Duke University Press, vol. 39(2), pages 185-207, Summer.
    2. R. G. Lipsey & Kelvin Lancaster, 1956. "The General Theory of Second Best," The Review of Economic Studies, Review of Economic Studies Ltd, vol. 24(1), pages 11-32.
    3. Richard Lipsey, 2007. "Reflections on the general theory of second best at its golden jubilee," International Tax and Public Finance, Springer;International Institute of Public Finance, vol. 14(4), pages 349-364, August.
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