Premium
POSSIBLE SOCIAL POLICY DEVELOPMENTS AND CORRESPONDING STATISTICAL REQUIREMENTS
Author(s) -
Bertrand René
Publication year - 1983
Publication title -
review of income and wealth
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 1.024
H-Index - 57
eISSN - 1475-4991
pISSN - 0034-6586
DOI - 10.1111/j.1475-4991.1983.tb00633.x
Subject(s) - economics , dual (grammatical number) , damages , maximization , utility maximization , production (economics) , context (archaeology) , set (abstract data type) , income distribution , distribution (mathematics) , microeconomics , public economics , mathematical economics , computer science , inequality , mathematics , political science , biology , art , paleontology , mathematical analysis , programming language , literature , law
Production maximization, together with an appropriate distribution of income and wealth, can no longer be considered as the exclusive objective of socio‐economic policies. Economic and social life is accompanied by numerous hardships, constraints and damages which demand to be minimized. Combining these dual aims is not easy as no single model has yet been set up taking into account all these inter‐relations. However, one may try to reduce the uncertainty about the statistical material that could be required for decision‐making in this new context.