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The New Welfare Economics

Two types of approaches of the new welfare economics were developed in the 1930s and the 1940s, which we may call the British approach and the American approach.

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Source: Faccarello G., Kurz H.-D.. Handbook on the history of economic analysis. Volume III, Developments in major fields of economics. Edward Elgar,2016. — 659 p. 2016

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