Table of Contents

1. A Difficulty in the Concept of Social Welfare 2. Little's Critique of Welfare Economics 3. The Principle of Rationality in Collective Decisions 4. Values and Collective Decision Making 5. The Place of Moral Obligation in Preference Systems 6. Tullock and an Existence Theorem 7. A Utilitarian Approach to the Concept of Equality in Public Expenditures 8. Some Ordinalist-Utilitarian Notes on Rawis's Theory of Justice 9. Formal Theories of Social Welfare 10. Rawls's Principle of Just Saving 11. Extended Sympathy and the Possibility of Social Choice 12. Current Developments in the Theory of Social Choice 13. Nozick's Entitlement Theory of Justice 14. The Trade-off between Growth and Equity 15. Optimal and Voluntary Income Distribution Index

About the Author

A past president of the American Economic Association, Kenneth J. Arrow was awarded the Nobel Memorial Prize in Economic Science in 1972.