The Quarterly Journal of Economics (QJE) is the oldest professional journal of economics in the English language. Edited at Harvard University's Department of Economics, it covers all aspects of the ...

The Arrow theorem states that a social welfare function (SWF) that simultaneously satisfies completeness, transitivity, independence of irrelevant alternatives (HA) and the Pareto principle is ...

Learn about mixed economies blending capitalism and socialism. Explore their features, benefits, and challenges in this ...

The Center for American Progress hosted an event looking at how Sweden has maintained a robust social welfare system and stable economic growth.

The inclusiveness of growth depends on the extent of access to economic and social opportunities. This paper applies the concept of social opportunity function to ascertain the inclusiveness of growth ...

Explore socialism's history, core theories, and modern examples of socialist countries. Learn how socialism compares to capitalism and its role in today's global economy.

Evaluating climate policy requires a method for navigating trade-offs. The most systematic such method is the ‘social welfare function’ (SWF) approach, which is widely used both in the ...