The Direction of Welfare Change: Welfare Criteria

In the previous chapter we noted that the Pareto principle is a sufficient condition for social improvement. However most policy changes make some individuals better off and some worse off, so can we still have a sufficient condition for social improvement? This brings us to the issue of welfare criteria, which has been the subject of considerable debate in the literature on welfare economics. These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.