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The General Theory of Second Best

  • Lipsey R
  • Lancaster K
Macmillan Education UK, (1973), 144-166
DOI: 10.1007/978-1-349-15492-0_11
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Abstract

There is an important basic similarity underlying a number of recent works in apparently widely separated fields of economic theory. Upon examination, it would appear that the authors have been rediscovering, in some of the many guises given it by various specific...

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Lipsey, R. G., & Lancaster, K. (1973). The General Theory of Second Best. In Readings in Welfare Economics (pp. 144–166). Macmillan Education UK. https://doi.org/10.1007/978-1-349-15492-0_11

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