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An Introduction To Modern Welfare Economics,New Richard M. Riss Toms Midnight Garden Is AThis Is The First Book On Welfare Economics To Be Primarily Intended For Undergraduates. It Explores Such Concepts As Pareto Optimality In A Market Economy, The Compensation Criterion, And The Social Welfare Function, And Analyzes Market Failures Using Different Ways Of Measuring Welfare Changes. The Book Covers Public Choice, And The Issues Of Efficient Provision Of Public Goods, Government Failures, And Efficient And Optimal Taxation, Concluding