Economics

Werner Steden

Ordinale Wohlfahrtstheorie und staatliche Verteilungspolitik

[The Ordinal Welfare Theory and State Distribution Policies.]

2006. XII, 314 pages.
79,00 €
including VAT
sewn paper
ISBN 978-3-16-149065-1
available
Published in German.
Current economic theory does not make it possible to consolidate the individual distribution preferences of a state's citizens with an entire economic preference consistently in order to work out recommendations for the state's distribution or redistribution policies. Werner Steden shows that the individual distribution ideas of the citizens of a model society can be used to deduce the best possible distributive concepts for the collective state bodies.
Current economic theory does not make it possible to consolidate the individual distribution preferences of a state's citizens with an entire economic preference consistently in order to work out recommendations for the state's distribution or redistribution policies. The reason given for this is that the unsolved problem of doing a cardinal measurement of individual concepts of utility and value prevents such a consolidation. Based on the theory of Pareto optimal redistribution developed by H.M. Hochman and J.D. Rodgers (1969) and with the help of an alternative utility concept, Werner Steden has however been able to solve the aggregation problem which has been addressed here. After dealing with the basic concepts of the preference theory, he shows that the individual distribution ideas of the citizens of a model society can be used to deduce the best possible distributive concepts for the collective state bodies.
Authors/Editors

Werner Steden Geboren 1936; Studium der VWL in München; 1967 Promotion; 1975 Habilitation; Professor emeritus am Institut für öffentliche Finanzen und Sozialpolitik der FU Berlin.

Reviews

The following reviews are known:

In: Ex libris — 2007/08, Nr. 93, 19
In: Allg.Ministerialbl.d.Bay.Staatsreg. — 2007, 230 (Ellen Scherbel)