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Public economics(or economics of the public sector) is the study of government policy through the lens of economic efficiency and equity. Public economics builds on the theory of welfare economics and is ultimately used as a tool to improve social welfare. Welfare can be defined in terms of well-being, prosperity, and overall state of being.
Jacques H. Drèze was a Belgian economist noted for his contributions to economic theory, econometrics, and economic policy as well as for his leadership in the economics profession. Drèze was the first President of the European Economic Association in 1986 and was the President of the Econometric Society in 1970.
This glossary of economics is a list of definitions of terms and concepts used in economics, its sub-disciplines, and related fields.
References
- ↑ Heath, Joseph (2009). Filthy lucre : economics for people who hate capitalism. Toronto: HarperCollins. ISBN 978-1-55468-769-5. OCLC 615371821.
- ↑ Lipsey, R. G.; Lancaster, Kelvin (1956). "The General Theory of Second Best". Review of Economic Studies . 24 (1): 11–32. doi:10.2307/2296233. JSTOR 2296233.
- ↑ Krugman, Paul (June 22, 2014). "The Big Green Test - Conservatives and Climate Change". The New York Times . Retrieved 27 June 2014.
- ↑ "Making the second best of it". Free Exchange. Economist. August 21, 2007. Retrieved 27 June 2014.
