Production, Income and Welfare: The Search for an Optimal Social Order

activities allocation alternative Amsterdam applies aspect assumed assumption behaviour blue-collar workers capabilities capital cent chapter characterised Cobb-Douglas Cobb-Douglas function concept considered constitutes consumption counterproduction countries deviations discussed earnings econometric economic science economists enterprises equal equations equilibrium equitable income distribution estimated example expenditures given Gottschalk groups hence hierarchy implies income differences income distribution incomes policy indicated individual Japan labour market large number latter marginal productivity marginal utility maximise measured mentioned method negative Netherlands North-Holland occupation optimal optimal tax optimum organised parameters part-collective personality traits possible Praag problem production factors production function purely collective quantity regression coefficients relevant restricted schooling social order social welfare social welfare function socialist socioeconomic supply theory Tinbergen tion translog types of labour United values variables Wegner welfare economics welfare function white-collar workers