Welfare economics

Welfare economics is a branch of economics that uses microeconomic techniques to simultaneously determine the allocational efficiency of a macroeconomy and the income distribution consequences associated with it. It attempts to maximize the level of social welfare by examining the economic activities of the individuals that comprise society.

See also

• social welfare function
• microeconomics
• Pareto efficiency
• Kaldor-Hicks efficiency
• Income inequality metrics
• Gini coefficient
• Lorenz curve
• Social welfare (political science)
• Copenhagen Consensus
• list of economics topics
• List of business ethics, political economy, and philosophy of business topics
• Important publications in welfare economics