Izvestiya of Saratov University.

Economics. Management. Law

ISSN 1994-2540 (Print)
ISSN 2542-1956 (Online)

For citation:

Manakhova I. V. The Theory of Welfare: Redistribution and Efficiency. Journal Izvestiya of Saratov University. Economics. Management. Law, 2007, vol. 7, iss. 1, pp. 22-26.

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Language: 
Russian
Heading: 
Economic
Article type: 
Article
UDC: 
338.23.01 (316.334.2)

The Theory of Welfare: Redistribution and Efficiency

Autors: 
Manakhova Irina Viktorovna, Moscow State University. M.V. Lomonosov
Abstract: 

The article reviews major theoretical approaches to state’s redictribution policies; the role of these policies in forming public welfare is shown. For a contemporary society, the existence of a conflict between social equality and economic efficiency is one of the characteristic features. Market economy equilibrium may be looked for basing on determining the public optimum.

Key words: 
TRANSFER POLICY
PUBLIC Welfare
market economy
economic efficiency
SOCIAL EQUALITY
THEORY OF WELL-BEING
Reference: 
  1. Словарь современной экономической теории Макмиллана. М., 1997. С. 147.
  2. Lipsey R., Lancaster K. The general theory of second best // Rev. Econ.Studs. 1956. V. 24.
  3. Общественное благосостояние и экономическая эффективность // Экономическая школа. СПб., 1999. Вып. 5. С. 137.
Received: 
16.02.2007
Accepted: 
25.04.2007
Available online: 
30.06.2007