Title Bergson social welfare - Pawan .pdf ✅

BERGSON SOCIAL WELFARE Presented To: Prof. Dr. Krishna Raj Acharya and class of M.A. Economics II Semester Prepared by: Pawan Khadayat
BERGSON SOCIAL WELFARE FUNCTION It was propounded and developed by Professor Abram Bergson in 1938 in his articles, "A Reformation of Certain Aspect of Welfare Economics. " It has been endorsed and further developed by Professors Samuelson and Tintner. It Provides new approach to Welfare economics It is Ordinal index of Social Welfare, ie; it gives rank not number Function of utilities of individual is written as W= f(U1, U2,... Un) They focus on interpersonal comparison of utility involving value judgements. Welfare Economics is a normative Study
THE BERGSON SOCIAL WELFARE FUNCTION IS BASED ON CERTAIN ASSUMPTIONS: It assumes that social welfare depends on each individual’s wealth and income and each individual’s welfare depends, in turn, on his wealth and income and on the distribution of welfare among the members of the society. It assumes the presence of external economies and diseconomies with their consequent effects. ASSUMPTIONS It is based on ordinal ranking of combinations of those variables which influence individual welfare. Interpersonal comparisons of utility involving value judgments are freely permissible.
Solely depends on utility of individuals not the utility of world community Individual utilities depends on individual's own evaluation of welfare With different set of value judgements, social welfare will be different CHARACTERISTICS