The concept of ‘Social Welfare Function’ was propounded by A. Bergson in his article ‘A Reformulation of Certain Aspects of Welfare Economics’ published in the year 1938

Related MCQs

• A famous welfare economics book called, “Economics of Welfare” was written by
• The concept of social optimum was introduced in Welfare Economics by
• Bergson’s name is associated with
• The concept of Social Welfare function was firstly introduced by
• Social Welfare function is a function of
• Who defines economic welfare as “that part of social (general) welfare that can be brought directly or indirectly into relation with the measuring rod of money.”
• The Fundamental Theorem of Welfare Economics:
• Welfare Economics is generally accepted as
• In Pareto welfare economics, Efficiency of distribution of commodities among consumers is related to
• In Pareto welfare economics, Efficiency in the allocation of factors among commodities is related to