Investopedia contributors come from a range of backgrounds, and over 25 years there have been thousands of expert writers and editors who have contributed. Robert Kelly is managing director of XTS ...

This is a preview. Log in through your library . Abstract A kind of "unified theory" is proposed as a dynamic generalization of the standard consumer-surplus methodology for evaluating welfare changes ...

A method of social planning is presented which can be used to fulfill a social welfare criterion with normative values. The purpose is to show how a social welfare model which includes cultural norms ...

The economy of the 2020s is a world away from the economy of the mid-20th century, when much of the standard toolkit economists still use was first developed. The formalization of economics in the ...