social welfare functions embody a normative conception of the relative importance of equity and efficiency. with aid of diagrams, illustrate and explain in this proposition

Research topics

1. social welfare functions embody a normative conception of the relative importance of equity and efficiency. with aid of diagrams, illustrate and explain in this proposition.

2. as tools of real-world policy analysis, social welfare functions have been subjected to severe criticism. Discuss with extensive reference to the literature on theoritical welfare economics including Arrow’s famous Impossibility Theorem

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social welfare functions embody a normative conception of the relative importance of equity and efficiency. with aid of diagrams, illustrate and explain in this proposition

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