Introduction To Maximum Welfare Principle ↓
Richard Musgrave designates Dalton's Principle of 'Maximum Social
Advantage' as the 'Maximum Welfare Principle of Budget Determination'.
According to Musgrave, Dalton has proposed two principles of budget policy.The first is that resources should be distributed among different directions in such a way as to equalize the marginal return of
Tuesday, 25 January 2011
Musgrave Maximum Welfare Principle - Budget Determination
Posted on 09:08 by Unknown
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