WHY I SUPPORT THE SOCIAL ISSUE OF WELFARE

Why I Support the Social Issue of Welfare

Why I Support the Social Issue of Welfare

To answer why I support the social issue of welfare is that the concept of 'welfare' informs much international political economy (IPE). Welfare economics provides a benchmark for evaluating the efficiency of social systems of resource allocation. Sen (1998) mentions that economic welfare is conceived as the well-being of a community as a whole, but only as determined by individual preferences, aggregated into an ordinal social welfare function. This is supposed to express social preferences over different ...