‘Legal Theory Lexicon: Social Welfare Functions’

“One of the key ideas in contemporary economic theory in general and law and economics in particular is the social welfare function. Law students without a background in economics might be put off by the fact that social welfare functions are expressed in mathematical notation, but there is no reason to be intimidated. The basic ideas are easily grasped, and the mathematical notation can be mastered in just a few minutes …” (more)

[Lawrence Solum, Legal Theory Blog, 1 August]

First posted 2021-08-02 09:00:23

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