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Journal Article

A Comment on "Economic Inefficiency: A Failure of Economists"

Cecil E. Bohanon
The Journal of Economic Education
Vol. 21, No. 4 (Autumn, 1990), pp. 427-431
Published by: Taylor & Francis, Ltd.
DOI: 10.2307/1182545
Stable URL: http://www.jstor.org/stable/1182545
Page Count: 5
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A Comment on "Economic Inefficiency: A Failure of Economists"
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Abstract

This comment argues that the Staten-Umbeck critique of welfare economics, published earlier in this journal, is useful in that it challenges economists to carefully specify the assumptions of welfare analysis, but its primary point is only that welfare analysis is not methodologically positive.

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