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Synthesis and Antithesis

In: The Emergent Firm

Author

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  • Neil M. Kay

Abstract

Public policy in neoclassical theory has an appealing and elegant simplicity. The policy or normative branch of conventional economics is termed welfare economics and has attracted the close attention of the mathematical technicians in recent years. The two major preoccupations of welfare economists are efficiency and equity; roughly how to make the cake as big as possible and how to slice the cake, respectively.

Suggested Citation

  • Neil M. Kay, 1984. "Synthesis and Antithesis," Palgrave Macmillan Books, in: The Emergent Firm, chapter 9, pages 144-159, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-1-349-17517-8_9
    DOI: 10.1007/978-1-349-17517-8_9
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